Plan Ledger DOL Form 5500 · updated monthly

Westchester Medical Center Advanced Physician Services, P.C401(k)

WMCHEALTH NETWORK AFFILIATED EMPLOYERS 401(K) PLAN · VALHALLA, NY · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Westchester Medical Center Advanced Physician Services, P.C reported $733,793 in plan administrative expenses for 2024: 0.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,488 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 0.22% to 0.21%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 281st-largest of 5,648 plans among New York employers on file, and the 407th of 11,911 in health care & social assistance. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 3,927 to 5,089 since 2022.

Plan summary
Net assets, end of year$380,432,835
Participants with balances5,192
Active participants5,089
Employer contributions$17,750,999
Employee contributions$31,717,480
Employer contribution per active participant$3,488
Average account balance$73,273
Benefits paid to participants$33,726,272
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$380.4M · 5,192 accts · $17.8M emplr
2023$315.3M · 4,958 accts · $15.9M emplr
2022$235.2M · 4,328 accts · $13.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$537,875
Investment management$134,319
Audit (IQPA)$29,505
Total administrative$733,793
The Westchester Medical Center Advanced Physician Services, P.C 401(k) match · 2024
Employer contribution per active participant$3,488
Median for plans this size$4,294
2024$3,488 per active participant
2023$3,257 per active participant
2022$3,443 per active participant

Westchester Medical Center Advanced Physician Services, P.C's 2024 employer contribution ran below the $4,294 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
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$537,875
CAPFINANCIAL PARTNERS LLC DBA CAPTR · Pension consulting · Investment advisory (plan)$120,023
PKF O'CONNOR DAVIES LLP · Accounting / audit$29,505
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$14,296

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$733,793 · 0.21%
2023$560,008 · 0.20%
2022$546,828 · 0.22%
Similar plansHealth Care & Social Assistance · New York
Team Tag Services, LLC NY$596.9M · 0.17%
New York Blood Center NY$505.2M · 0.11%
United Health Services, Inc. NY$391.3M · 0.27%
Medisys Health Network, Inc. NY$386.7M · 0.25%
Saratoga Hospital NY$367.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264709927 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.