Plan Ledger DOL Form 5500 · updated monthly

Medical Offices of Manhattan, PLLC401(k)

MEDICAL OFFICES OF MANHATTAN, PLLC 401(K) PS PLAN AND TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Medical Offices of Manhattan, PLLC reported $23,340 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $480 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 0.73% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,184th of 5,648), and 7,130th of 11,911 in health care & social assistance. In 2024, employees put in $6.92 for every $1.00 the employer contributed; active participation has grown from 118 to 296 since 2022.

Plan summary
Net assets, end of year$6,441,639
Participants with balances231
Active participants296
Employer contributions$142,097
Employee contributions$982,955
Employer contribution per active participant$480
Average account balance$27,886
Benefits paid to participants$249,758
Plan auditUnmodified (clean) audit opinion
AuditorBERMAN SOSMAN ROSEZWEIG CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 231 accts · $142K emplr
2023$4.9M · 146 accts
2022$4.0M · 190 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,654
Investment management$686
Total administrative$23,340
The Medical Offices of Manhattan, PLLC 401(k) match · 2024
Employer contribution per active participant$480
Median for plans this size$1,313

Medical Offices of Manhattan, PLLC's 2024 employer contribution ran below the $1,313 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$22,654

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$23,340 · 0.41%
2023$21,769 · 0.49%
2022$29,741 · 0.73%
Similar plansHealth Care & Social Assistance · New York
Epic Long Island, Inc. NY$6.5M · 0.64%
River Hospital, Inc. NY$6.4M · 1.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 205866087 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.