Plan Ledger DOL Form 5500 · updated monthly

Palm Beach Health Consulting401(k)

PALM BEACH HEALTH CONSULTING LLC 401(K) PLAN · MONTEBELLO, NY · plan year 2024

Reported admin expense ratio · 2024
1.58%

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

Palm Beach Health Consulting reported $12,820 in plan administrative expenses for 2024: 1.58% 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.

Across the 1 year on file its reported administrative ratio rose from 0.38% to 1.58%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,326th of 5,648), and 10,849th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,064,318
Participants with balances159
Active participants460
Employer contributions$0
Employee contributions$492,216
Employer contribution per active participant$0
Average account balance$6,694
Benefits paid to participants$48,417
Plan auditUnmodified (clean) audit opinion
AuditorBLATT & DAUMAN, LLP
Plan history2
Yearassets · accounts · employer contribution
2024$1.1M · 159 accts
2023$563K · 114 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,820
Total administrative$12,820
The Palm Beach Health Consulting 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$540

Palm Beach Health Consulting's 2024 employer contribution ran below the $540 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 · 20242
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$11,295
INTAC ACTUARIAL SERVICES, INC · Recordkeeping · Loan processing$1,525

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

Recordkeeper by year2
2024INTAC ACTUARIAL SERVICES, INC, Transamerica
2023INTAC ACTUARIAL SERVICES, INC, Transamerica

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

Administrative cost history2
2024$12,820 · 1.58%
2023$2,137 · 0.38%
Similar plansHealth Care & Social Assistance · New York
Mindcolor Autism LLC NY$1.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 921435276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.