Plan Ledger DOL Form 5500 · updated monthly

Saratoga-Schenectady Gastroenterology Assocs PC401(k)

SARATOGA-SCHENECTADY GASTROENTEROLOGY ASSOCS. P.C. RETIREMENT PLAN · BURNT HILLS, NY · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

Saratoga-Schenectady Gastroenterology Assocs PC reported $107,867 in plan administrative expenses for 2023: 0.42% of average plan assets, above the peer median. Employer contributions averaged $7,215 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 0.42% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,028th-largest of 5,648 plans among New York employers on file, and the 2,895th of 11,911 in health care & social assistance. In 2023, the employer put in $1.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$28,450,969
Participants with balances184
Active participants129
Employer contributions$930,783
Employee contributions$879,078
Employer contribution per active participant$7,215
Average account balance$154,625
Benefits paid to participants$620,472
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGER, BARR & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.8M · 222 accts · $1.0M emplr
2023$28.5M · 184 accts · $931K emplr
2022$23.0M · 167 accts · $905K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,778
Investment management$59,434
Total administrative$107,867
The Saratoga-Schenectady Gastroenterology Assocs PC 401(k) match · 2023
Employer contribution per active participant$7,215
Median for plans this size$2,440
2024$5,667 per active participant
2023$7,215 per active participant
2022$7,671 per active participant

Saratoga-Schenectady Gastroenterology Assocs PC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$34,761
UBS FINANCIAL SERVICES INC. · Investment advisory (plan)$59,434
MENGEL, METZGER, BARR & CO., LLP · Accounting / audit$9,655

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$122,789 · 0.44%
2023$107,867 · 0.42%
2022$104,065 · 0.42%
Same employer
Similar plansHealth Care & Social Assistance · New York
Bronxworks, Inc. NY$28.2M · 0.01%
Cityblock Health, Inc NY$27.5M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141556189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.