Plan Ledger DOL Form 5500 · updated monthly

Prospect Hill Radiology Group, P.C.401(k)

PROSPECT HILL RADIOLOGY GROUP, P.C. PROFIT SHARING AND RETIREMENT PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Prospect Hill Radiology Group, P.C. reported $15,978 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,956 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 0.017% to 0.020%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 904th-largest of 5,648 plans among New York employers on file, and the 1,225th of 11,911 in health care & social assistance. In 2024, the employer put in $1.10 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$86,296,497
Participants with balances212
Active participants179
Employer contributions$1,066,079
Employee contributions$969,823
Employer contribution per active participant$5,956
Average account balance$407,059
Benefits paid to participants$5,336,834
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$86.3M · 212 accts · $1.1M emplr
2023$76.9M · 195 accts · $1.2M emplr
2022$71.0M · 230 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,978
Total administrative$15,978
The Prospect Hill Radiology Group, P.C. 401(k) match · 2024
Employer contribution per active participant$5,956
Median for plans this size$3,635
2024$5,956 per active participant
2023$6,943 per active participant
2022$6,678 per active participant

Prospect Hill Radiology Group, P.C.'s 2024 employer contribution ran above the $3,635 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.

Administrative cost history3
2024$15,978 · 0.02%
2023$15,506 · 0.02%
2022$13,150 · 0.02%
Similar plansHealth Care & Social Assistance · New York
Village Care of New York NY$88.0M · 0.13%
Centerlight Health System NY$87.5M · 0.10%
Olean General Hospital NY$81.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160988763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.