Plan Ledger DOL Form 5500 · updated monthly

Physician Affiliate Group of New York, P.C. (Pagny)401(k)

PHYSICIAN AFFILIATE GROUP OF NEW YORK RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Physician Affiliate Group of New York, P.C. (Pagny) reported $646,465 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $12,028 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 0.13% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 99th-largest of 5,648 plans among New York employers on file, and the 149th of 11,911 in health care & social assistance. In 2024, employees put in $1.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,263,666,280
Participants with balances4,585
Active participants3,604
Employer contributions$43,349,905
Employee contributions$49,154,601
Employer contribution per active participant$12,028
Average account balance$275,609
Benefits paid to participants$72,737,596
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 4,585 accts · $43.3M emplr
2023$1.1B · 4,343 accts · $40.2M emplr
2022$901.7M · 4,241 accts · $37.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$223,614
Total administrative$646,465
The Physician Affiliate Group of New York, P.C. (Pagny) 401(k) match · 2024
Employer contribution per active participant$12,028
Median for plans this size$5,259
2024$12,028 per active participant
2023$11,874 per active participant
2022$11,160 per active participant

Physician Affiliate Group of New York, P.C. (Pagny)'s 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top 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
MERCER INVESTMENTS LLC · Consulting$422,851
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$225,626

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$646,465 · 0.06%
2023$671,613 · 0.07%
2022$1,240,562 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · New York
Montefiore Medical Center NY$4.3B · 0.00%
Nyu Langone Hospitals NY$3.6B · 0.03%
Essilorluxottica USA Inc NY$1.5B · 0.07%
Maimonides Medical Center NY$1.0B · 0.08%
Rochester Regional Health NY$987.0M · 0.12%
Wp Citymd Bidco, LLC NY$973.2M · 0.10%
Hospital for Special Surgery NY$866.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900603487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.