Plan Ledger DOL Form 5500 · updated monthly

Familycare Medical Group, P.C.401(k)

FAMILYCARE MEDICAL GROUP, P.C. 401(K) PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Familycare Medical Group, P.C. reported $162,162 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $4,199 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 rose from 0.145% to 0.153%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 735th-largest of 5,648 plans among New York employers on file, and the 1,022nd of 11,911 in health care & social assistance. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$109,888,551
Participants with balances943
Active participants684
Employer contributions$2,872,425
Employee contributions$3,539,833
Employer contribution per active participant$4,199
Average account balance$116,531
Benefits paid to participants$11,483,693
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY MORAN FREER & EASSA, CPA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$109.9M · 943 accts · $2.9M emplr
2023$101.5M · 1,040 accts · $2.7M emplr
2022$90.4M · 937 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$159,171
Investment management$1,241
Total administrative$162,162
The Familycare Medical Group, P.C. 401(k) match · 2024
Employer contribution per active participant$4,199
Median for plans this size$3,635
2024$4,199 per active participant
2023$4,076 per active participant
2022$3,476 per active participant

Familycare Medical Group, P.C.'s 2024 employer contribution ran above the $3,635 median for plans its size. 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
COMMONWEALTH EQUITY SERVICESindirect comp

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

Administrative cost history3
2024$162,162 · 0.15%
2023$140,181 · 0.15%
2022$141,696 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · New York
St. Luke's Cornwall Hospital NY$109.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161468762 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.