Plan Ledger DOL Form 5500 · updated monthly

Sachem Dental Group, LLP401(k)

SACHEM DENTAL GROUP, LLP 401(K) PROFIT SHARING PLAN · LAKE RONKONKOMA, NY · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Sachem Dental Group, LLP reported $97,274 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,939 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 0.52% to 0.56%. 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 2,615th-largest of 5,648 plans among New York employers on file, and the 3,867th of 11,911 in health care & social assistance. In 2024, the employer put in $1.19 for every $1.00 employees contributed themselves; active participation has grown from 134 to 161 since 2022.

Plan summary
Net assets, end of year$18,706,101
Participants with balances213
Active participants161
Employer contributions$634,175
Employee contributions$533,440
Employer contribution per active participant$3,939
Average account balance$87,822
Benefits paid to participants$318,213
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 213 accts · $634K emplr
2023$15.9M · 192 accts · $645K emplr
2022$13.0M · 233 accts · $543K emplr
The Sachem Dental Group, LLP 401(k) match · 2024
Employer contribution per active participant$3,939
Median for plans this size$2,416
2024$3,939 per active participant
2023$4,445 per active participant
2022$4,052 per active participant

Sachem Dental Group, LLP'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 · 20242
ERISA SPECIALIST · Recordkeeping$17,912
LINCOLN NATIONAL CORPORATION · Contract administrator$88,249

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ERISA SPECIALIST
2023ERISA SPECIALIST

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Administrative cost history3
2024$97,274 · 0.56%
2023$85,568 · 0.59%
2022$72,392 · 0.52%
Similar plansHealth Care & Social Assistance · New York
Prine Health Medical Group NY$18.9M · 0.42%
Positive Beginnings, Inc. NY$18.7M · 0.17%
Orleans Community Health NY$18.4M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112547652 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.