Plan Ledger DOL Form 5500 · updated monthly

Hamilton Cardiology Associates, P.A.401(k)

HAMILTON CARDIOLOGY ASSOCIATES, P.A. 401(K) PLAN · HAMILTON TOWNSHIP, NJ · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Hamilton Cardiology Associates, P.A. reported $109,601 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,141 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 fell from 0.66% to 0.55%. 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 the 1,070th-largest of 2,419 plans among New Jersey employers on file, and the 3,642nd of 11,911 in health care & social assistance. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,407,827
Participants with balances169
Active participants87
Employer contributions$273,300
Employee contributions$627,746
Employer contribution per active participant$3,141
Average account balance$120,756
Benefits paid to participants$2,684,282
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH+BROWN, PC.
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 169 accts · $273K emplr
2023$19.5M · 168 accts · $321K emplr
2022$16.1M · 157 accts · $266K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,672
Investment management$47,493
Audit (IQPA)$36,436
Total administrative$109,601
The Hamilton Cardiology Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$3,141
Median for plans this size$2,416
2024$3,141 per active participant
2023$3,213 per active participant
2022$3,028 per active participant

Hamilton Cardiology Associates, P.A.'s 2024 employer contribution ran above the $2,416 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 · 20244
ALLIANCEBERNSTEIN LP · Investment advisory (plan)$47,493
WITHUMSMITH+BROWN, PC · Accounting / audit$19,136
RAHL & ASSOCIATES PC · Accounting / audit$17,300

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$109,601 · 0.55%
2023$85,918 · 0.48%
2022$118,486 · 0.66%
Similar plansHealth Care & Social Assistance · New Jersey
Community Health Care, Inc NJ$21.2M · 0.74%
Jewish Home Family, Inc. NJ$19.8M · 0.42%
Caring, Inc. NJ$19.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223052989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.