Plan Ledger DOL Form 5500 · updated monthly

Progyny, Inc.401(k)

PROGYNY, INC. 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Progyny, Inc. reported $114,765 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,715 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 rose from 0.25% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,915th-largest of 5,648 plans among New York employers on file, and the 2,379th of 4,798 in finance & insurance. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has grown from 384 to 664 since 2022.

Plan summary
Net assets, end of year$30,884,230
Participants with balances749
Active participants664
Employer contributions$1,802,602
Employee contributions$5,237,937
Employer contribution per active participant$2,715
Average account balance$41,234
Benefits paid to participants$2,800,749
Plan auditUnmodified (clean) audit opinion
AuditorFIONDELLA, MILONE & LASARACINA
Plan history3
Yearassets · accounts · employer contribution
2024$30.9M · 749 accts · $1.8M emplr
2023$22.2M · 667 accts · $1.4M emplr
2022$13.5M · 450 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Investment management$92,841
Total administrative$114,765
The Progyny, Inc. 401(k) match · 2024
Employer contribution per active participant$2,715
Median for plans this size$2,416
2024$2,715 per active participant
2023$2,562 per active participant
2022$2,707 per active participant

Progyny, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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
RAYMOND JAMES · Investment advisory (plan)$72,427
EMPOWER ADVISORY GROUP, LLC · Investment management$20,414

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$114,765 · 0.43%
2023$47,651 · 0.27%
2022$31,655 · 0.25%
Same employer
Similar plansFinance & Insurance · New York
Watertown Savings Bank NY$31.4M · 0.00%
Reliance First Capital, LLC NY$31.2M · 0.52%
Pioneer Bank NY$30.5M · 0.13%
Simcorp USA Inc. NY$30.4M · 0.46%
Summit Federal Credit Un NY$30.1M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 272220139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.