Plan Ledger DOL Form 5500 · updated monthly

Syracuse Orthopedic Specialists, PC401(k)

SYRACUSE ORTHOPEDIC SPECIALISTS, P.C. RETIREMENT INCENTIVE SAVINGS PLAN · EAST SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Syracuse Orthopedic Specialists, PC reported $79,531 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $3,981 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 fell from 0.10% to 0.08%. 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 753rd-largest of 5,648 plans among New York employers on file, and the 1,042nd of 11,911 in health care & social assistance. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$106,813,915
Participants with balances920
Active participants752
Employer contributions$2,993,488
Employee contributions$3,825,158
Employer contribution per active participant$3,981
Average account balance$116,102
Benefits paid to participants$11,368,773
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$106.8M · 920 accts · $3.0M emplr
2023$98.3M · 850 accts · $3.1M emplr
2022$84.3M · 857 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,231
Investment management$53,800
Audit (IQPA)$13,000
Total administrative$79,531
The Syracuse Orthopedic Specialists, PC 401(k) match · 2024
Employer contribution per active participant$3,981
Median for plans this size$3,635
2024$3,981 per active participant
2023$4,328 per active participant
2022$4,488 per active participant

Syracuse Orthopedic Specialists, PC'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.

Service providers · 20244
WILMINGTON TRUST NATIONAL ASSOC · Investment advisory (plan)$40,350
LPL FINANCIAL LLC · Investment advisory (plan)$13,450
BONADIO & CO LLP · Accounting / audit$13,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,231

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$79,531 · 0.08%
2023$78,153 · 0.09%
2022$89,747 · 0.10%
Same employer
Similar plansHealth Care & Social Assistance · New York
St. Luke's Cornwall Hospital NY$109.6M · 0.05%
Hillside Children's Center NY$105.5M · 0.26%
Hebrew Home at Riverdale NY$104.5M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160992982 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.