Plan Ledger DOL Form 5500 · updated monthly

Wyckoff Heights Medical CenterProfit-sharing plan

THE SAVINGS PLAN FOR EMPLOYEES OF WYCKOFF HEIGHTS MEDICAL CENTER · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Wyckoff Heights Medical Center reported $85,253 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $5,894 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 0.22% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,812th-largest of 5,648 plans among New York employers on file, and the 2,545th of 11,911 in health care & social assistance. active participation has shrunk from 991 to 509 since 2022.

Plan summary
Net assets, end of year$33,721,868
Participants with balances1,304
Active participants509
Employer contributions$3,000,000
Employee contributions$0
Employer contribution per active participant$5,894
Average account balance$25,860
Benefits paid to participants$1,496,805
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.7M · 1,304 accts · $3.0M emplr
2023$29.9M · 1,274 accts · $3.0M emplr
2022$26.8M · 1,270 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,686
Investment management$44,453
Total administrative$85,253
Employer contributions to the Wyckoff Heights Medical Center plan · 2024
Employer contribution per active participant$5,894
Median for plans this size$2,416
2024$5,894 per active participant
2023$3,080 per active participant
2022$3,027 per active participant

Wyckoff Heights Medical Center's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MMA SECURITIES LLC · Investment advisory (plan)$43,180
KELLEY DRYE & WARREN LLP · Legal$7,114
EMPOWER ADVISORY GROUP, LLC · Investment management$1,273

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$85,253 · 0.27%
2023$32,347 · 0.11%
2022$61,016 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · New York
All Metro Health Care NY$34.1M · 0.49%
Engel Burman Senior Housing NY$33.9M · 0.51%
Olean Medical Practice PLLC NY$33.7M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111631837 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.