Plan Ledger DOL Form 5500 · updated monthly

Practice Management Works 401K401(k)

PRACTICE MANAGEMENT WORKS 401K · BINGHAMTON, NY · plan year 2022

Reported admin expense ratio · 2022
0.33%

Practice Management Works 401K reported $1,537 in plan administrative expenses for 2022: 0.33% of average plan assets, lower than ~75% of peers. 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,469th of 5,648), and 11,413th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$448,269
Participants with balances41
Active participants156
Employer contributions—
Employee contributions$102,094
Employer contribution per active participant—
Average account balance$10,933
Benefits paid to participants$46,769
Plan auditUnmodified (clean) audit opinion
AuditorGELTRUDE & COMPANY LLC
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$1,537 · 0.33%
Similar plansHealth Care & Social Assistance · New York
Friendly Home Care, Inc. NY$466K · 16.98%
Dragon Home Care, LLC. NY$444K · 16.46%
Polaris Hcs LLC NY$428K · 1.63%
Empire Care Centers NY$386K · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472241996 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.