Orthopedicsny, LLP 401(k) Review & Grade
Orthopedicsny, LLP 401(k) Profit Sharing Plan
Albany, NYHealth Care & Social Assistance528 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,364Employer $ per active participant
$5,507Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$77.9MNet plan assets, end of year
$112,534Average balance per account
Score breakdown
- Employer generosity45.7 / 5091th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 63th |
| Employee saving | 84th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($150,302 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Orthopedicsny, LLP put in about $5,364 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,834,665 |
| Participant (employee) contributions | $2,910,591 |
| Other contributions (incl. rollovers in) | $732,312 |
| Administrative expenses paid from the plan | $107,354 |
| Contract administrator fees | $15,655 |
| Investment advisory & management fees | $44,998 |
| Benefits paid out | $3,444,895 |
| Net assets, start / end of year | $65.7M / $77.9M |
| Active participants, start / end of year | 539 / 518 |
| Participants with account balances | 692 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wojeski & Co. Cpas PC |
Largest service providers (Schedule C)
| Ascensus | $62,055 reported compensation |
| Global Retirement Partners | $44,998 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260804122456NAL0001456913001, received 2026-08-04, EIN 14-1777794, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.