Plan Ledger DOL Form 5500 · updated monthly

Cityblock Medical Practice, PA401(k)

CITYBLOCK MEDICAL PRACTICE 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.51%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Cityblock Medical Practice, PA reported $54,986 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $17 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.506%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,261st of 5,648), and the 5,031st of 11,911 in health care & social assistance. In 2024, employees put in $427.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,470,297
Participants with balances783
Active participants401
Employer contributions$6,886
Employee contributions$2,944,757
Employer contribution per active participant$17
Average account balance$15,926
Benefits paid to participants$2,203,178
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$12.5M · 783 accts · $7K emplr
2023$9.3M · 519 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,883
Audit (IQPA)$7,103
Total administrative$54,986
The Cityblock Medical Practice, PA 401(k) match · 2024
Employer contribution per active participant$17
Median for plans this size$2,416

Cityblock Medical Practice, PA's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$47,883
BAKER TILLY US, LLP · Accounting / audit$7,103

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$54,986 · 0.51%
2023$41,998 · 0.51%
Similar plansHealth Care & Social Assistance · New York
Aim Services, Inc. NY$12.3M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844346267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.