Plan Ledger DOL Form 5500 · updated monthly

Priority Care Group, LLC401(k)

HEALTHCARE SERVICES 401(K) PLAN · VALLEY STREAM, NY · plan year 2022

Reported admin expense ratio · 2022
1.12%

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

Priority Care Group, LLC reported $196,627 in plan administrative expenses for 2022: 1.12% of average plan assets, higher than ~90% of peers. Employer contributions averaged $11 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 fell from 1.12% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (2,836th of 5,648), and the 4,267th of 11,911 in health care & social assistance. In 2022, employees put in $35.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,189,230
Participants with balances757
Active participants4,161
Employer contributions$47,248
Employee contributions$1,661,736
Employer contribution per active participant$11
Average account balance$21,386
Benefits paid to participants$1,273,958
Plan auditUnmodified (clean) audit opinion
AuditorNEITZEL, LUKE SALOPEK, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$1.2M · 217 accts
2022$16.2M · 757 accts · $47K emplr
Administrative expenses, itemized · 2022
Professional / advisory$196,627
Total administrative$196,627
The Priority Care Group, LLC 401(k) match · 2022
Employer contribution per active participant$11
Median for plans this size$2,266

Priority Care Group, LLC's 2022 employer contribution ran below the $2,266 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.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024Not separately reported
2023$62,195 · 0.72%
2022$196,627 · 1.12%
Similar plansHealth Care & Social Assistance · New York
Long Island Fqhc Inc. NY$16.3M · 0.48%
Fountain House, Inc. NY$16.2M · 0.52%
Alternatives for Children NY$15.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473178418 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.