Plan Ledger DOL Form 5500 · updated monthly

The Joseph P. Addabbo Family Health Center, Inc.403(b)

THE AMERICAS 403(B) MEP AS ADOPTED BY THE JOSEPH P. ADDABBO FAMILY HEALTH CENTER, INC. · AREVREN, NY · plan year 2022

Reported admin expense ratio · 2022
0.13%

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

The Joseph P. Addabbo Family Health Center, Inc. reported $35,109 in plan administrative expenses for 2022: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,533 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.

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 2,183rd-largest of 5,648 plans among New York employers on file, and the 3,129th of 11,911 in health care & social assistance. In 2022, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,333,092
Participants with balances227
Active participants261
Employer contributions$400,000
Employee contributions$653,247
Employer contribution per active participant$1,533
Average account balance$111,600
Benefits paid to participants$1,987,846
Plan auditDisclaimer of opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$25.3M · 227 accts · $400K emplr
Administrative expenses, itemized · 2022
Professional / advisory$35,109
Total administrative$35,109
Employer contributions to the The Joseph P. Addabbo Family Health Center, Inc. plan · 2022
Employer contribution per active participant$1,533
Median for plans this size$2,266

The Joseph P. Addabbo Family Health Center, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$35,109 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · New York
Highland Medical PC NY$26.1M · 0.17%
Vital Strategies, Inc. NY$26.0M · 0.39%
Thirty Madison, Inc. NY$24.8M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061181226 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.