Plan Ledger DOL Form 5500 · updated monthly

Highland Medical PC401(k)

HIGHLAND MEDICAL PC RETIREMENT SAVINGS PLAN · NYACK, NY · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Highland Medical PC reported $40,839 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,607 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 0.19% to 0.17%. 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 2,144th-largest of 5,648 plans among New York employers on file, and the 3,073rd of 11,911 in health care & social assistance. In 2024, employees put in $1.45 for every $1.00 the employer contributed; active participation has grown from 199 to 225 since 2022.

Plan summary
Net assets, end of year$26,091,988
Participants with balances243
Active participants225
Employer contributions$1,036,645
Employee contributions$1,502,406
Employer contribution per active participant$4,607
Average account balance$107,374
Benefits paid to participants$2,107,886
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 243 accts · $1.0M emplr
2023$22.4M · 257 accts · $947K emplr
2022$18.5M · 241 accts · $913K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,339
Investment management$7,500
Total administrative$40,839
The Highland Medical PC 401(k) match · 2024
Employer contribution per active participant$4,607
Median for plans this size$2,416
2024$4,607 per active participant
2023$4,576 per active participant
2022$4,588 per active participant

Highland Medical PC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$33,339
RAYMOND JAMES & ASSOCIATES, INC. · Consulting · Insurance services$7,500
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$40,839 · 0.17%
2023$34,942 · 0.17%
2022$36,494 · 0.19%
Similar plansHealth Care & Social Assistance · New York
Jewish Senior Life NY$26.2M · 0.43%
Vital Strategies, Inc. NY$26.0M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134034481 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.