Plan Ledger DOL Form 5500 · updated monthly

South Shore Neurologic Associates, P.C.401(k)

SOUTH SHORE NEUROLOGIC ASSOCIATES, P.C. 401(K) AND PROFIT SHARING PLAN · ISLIP, NY · plan year 2022

Reported admin expense ratio · 2022
0.34%

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

South Shore Neurologic Associates, P.C. reported $79,713 in plan administrative expenses for 2022: 0.34% of average plan assets, above the peer median. Employer contributions averaged $0 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 rose from 0.34% to 0.63%. 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 the 2,471st-largest of 5,648 plans among New York employers on file, and the 3,565th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$20,922,246
Participants with balances181
Active participants139
Employer contributions$0
Employee contributions$627,976
Employer contribution per active participant$0
Average account balance$115,593
Benefits paid to participants$1,075,200
Plan auditUnmodified (clean) audit opinion
AuditorBLATT & DAUMAN
Plan history2
Yearassets · accounts · employer contribution
2023$119K · 4 accts
2022$20.9M · 181 accts
The South Shore Neurologic Associates, P.C. 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$2,266

South Shore Neurologic Associates, P.C.'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.

Administrative cost history2
2023$66,259 · 0.63%
2022$79,713 · 0.34%
Similar plansHealth Care & Social Assistance · New York
Housing Works, Inc. NY$21.1M · 0.13%
East River Medical Imaging NY$21.0M · 0.43%
Kbi Services, Inc. NY$20.7M · 0.51%
The Highlands NY$20.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112969525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.