Plan Ledger DOL Form 5500 · updated monthly

Medical Health Associates of Western New York, PLLC401(k)

MEDICAL HEALTH ASSOCIATES OF WESTERN NEW YORK, PLLC 401 (K) AND PROFIT SHARING PLAN · WILLIAMSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Medical Health Associates of Western New York, PLLC reported $65,968 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,445 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 0.26% to 0.24%. 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 1,996th-largest of 5,648 plans among New York employers on file, and the 2,839th of 11,911 in health care & social assistance. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,115,887
Participants with balances260
Active participants200
Employer contributions$688,999
Employee contributions$1,061,881
Employer contribution per active participant$3,445
Average account balance$111,984
Benefits paid to participants$2,713,643
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.1M · 260 accts · $689K emplr
2023$26.4M · 265 accts · $654K emplr
2022$21.6M · 248 accts · $481K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,983
Investment management$23,985
Total administrative$65,968
The Medical Health Associates of Western New York, PLLC 401(k) match · 2024
Employer contribution per active participant$3,445
Median for plans this size$2,416
2024$3,445 per active participant
2023$3,289 per active participant
2022$2,542 per active participant

Medical Health Associates of Western New York, PLLC'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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$43,296
LAWLEY RETIREMENT ADVISORS LLC · Investment advisory (plan)$22,672

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$65,968 · 0.24%
2023$60,177 · 0.25%
2022$61,052 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · New York
Theracare of New York, Inc. NY$29.8M · 0.70%
Bronxworks, Inc. NY$28.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814941165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.