Plan Ledger DOL Form 5500 · updated monthly

Oluwatoyin Ajayi Medical Practice, PC401(k)

OLUWATOYIN AJAYI MEDICAL PRACTICE, PC 401(K) PLAN · BROOKLYN, NY · plan year 2022

Reported admin expense ratio · 2022
0.78%

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

Oluwatoyin Ajayi Medical Practice, PC reported $44,327 in plan administrative expenses for 2022: 0.78% of average plan assets, above the peer median. Employer contributions averaged $0 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,051st of 5,648), and 6,764th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$7,214,723
Participants with balances749
Active participants702
Employer contributions$0
Employee contributions$3,250,061
Employer contribution per active participant$0
Average account balance$9,632
Benefits paid to participants$819,315
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH BROWN, PC
The Oluwatoyin Ajayi Medical Practice, PC 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Oluwatoyin Ajayi Medical Practice, PC's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$44,327 · 0.78%
Similar plansHealth Care & Social Assistance · New York
Villa of Hope NY$7.3M · 0.79%
The Wartburg Home NY$7.2M · 0.07%
K Health Inc. NY$7.2M · 0.92%
O'Connor Hospital NY$7.2M · 0.71%
Mosaic Health NY$7.2M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830902280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.