Plan Ledger DOL Form 5500 · updated monthly

Northern Medical Group, PLLC401(k)

NORTHERN MEDICAL GROUP, PLLC RETIREMENT SAVINGS PLAN · BREWSTER, NY · plan year 2023

Reported admin expense ratio · 2023
0.27%

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

Northern Medical Group, PLLC reported $51,276 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,282 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 3 years on file its reported administrative ratio has held roughly steady near 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,556th-largest of 5,648 plans among New York employers on file, and the 3,736th of 11,911 in health care & social assistance. In 2023, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 133 to 164 since 2022.

Plan summary
Net assets, end of year$19,674,309
Participants with balances261
Active participants164
Employer contributions$374,211
Employee contributions$789,697
Employer contribution per active participant$2,282
Average account balance$75,380
Benefits paid to participants$2,337,945
Plan auditUnmodified (clean) audit opinion
AuditorPRAGER METIS CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 198 accts · $246K emplr
2023$19.7M · 261 accts · $374K emplr
2022$17.8M · 240 accts · $366K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$31,024
Investment management$20,252
Total administrative$51,276
The Northern Medical Group, PLLC 401(k) match · 2023
Employer contribution per active participant$2,282
Median for plans this size$2,440
2024$1,769 per active participant
2023$2,282 per active participant
2022$2,750 per active participant

Northern Medical Group, PLLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
ADP, INC. · Loan processing · Recordkeeping$31,024
TRINITY POINT WEALTH LLC · Recordkeeping · Trustee$20,252
ADP BROKER-DEALERindirect comp
TD AMERITRADE, INC. · 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
2024ADP, TRINITY POINT WEALTH LLC
2023ADP, TRINITY POINT WEALTH LLC

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

Administrative cost history3
2024$45,922 · 0.24%
2023$51,276 · 0.27%
2022$49,727 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · New York
Life's Worc NY$20.0M · 0.83%
Pathstone Corporation NY$20.0M · 0.33%
Tribeca Pediatrics PLLC NY$19.5M · 0.48%
Middletown Medical, P.C. NY$19.4M · 0.84%
Athenex, Inc. NY$19.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475030523 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.