Plan Ledger DOL Form 5500 · updated monthly

Prine Health Medical Group401(k)

PRINE HEALTH MEDICAL GROUP · GARDEN CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Prine Health Medical Group reported $70,719 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $5,157 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 0.44% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,603rd-largest of 5,648 plans among New York employers on file, and the 3,838th of 11,911 in health care & social assistance. In 2024, employees put in $1.34 for every $1.00 the employer contributed; active participation has grown from 147 to 166 since 2022.

Plan summary
Net assets, end of year$18,917,383
Participants with balances188
Active participants166
Employer contributions$856,070
Employee contributions$1,144,038
Employer contribution per active participant$5,157
Average account balance$100,624
Benefits paid to participants$209,886
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 188 accts · $856K emplr
2023$15.1M · 169 accts · $1.1M emplr
2022$10.7M · 130 accts · $822K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,666
Investment management$39,053
Total administrative$70,719
The Prine Health Medical Group 401(k) match · 2024
Employer contribution per active participant$5,157
Median for plans this size$2,416
2024$5,157 per active participant
2023$6,747 per active participant
2022$5,589 per active participant

Prine Health Medical Group's 2024 employer contribution ran above the $2,416 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$39,053
ADP, INC. · Loan processing · Recordkeeping$31,666
ADP BROKER-DEALER · Other servicesindirect 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, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$70,719 · 0.42%
2023$56,903 · 0.44%
2022$47,239 · 0.44%
Similar plansHealth Care & Social Assistance · New York
Athenex, Inc. NY$19.4M · 0.04%
Positive Beginnings, Inc. NY$18.7M · 0.17%
Sachem Dental Group, LLP NY$18.7M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 832668820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.