Excelsior Orthopaedics LLP 401(k) Review & Grade
Excelsior Orthopaedics, LLP 401(k) Profit Sharing Plan
Amherst, NYHealth Care & Social Assistance638 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,895Employer $ per active participant
$4,946Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$63.0MNet plan assets, end of year
$77,951Average balance per account
Score breakdown
- Employer generosity43.6 / 5087th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 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 | 87th |
| Lower admin cost | 35th |
| Employee saving | 78th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Excelsior Orthopaedics LLP put in about $3,895 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.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,483,062 |
| Participant (employee) contributions | $3,152,788 |
| Other contributions (incl. rollovers in) | $1,010,379 |
| Administrative expenses paid from the plan | $197,817 |
| Contract administrator fees | $32,641 |
| Investment advisory & management fees | $87,340 |
| Other admin expenses | $1,684 |
| Benefits paid out | $2,548,651 |
| Net assets, start / end of year | $50.4M / $63.0M |
| Active participants, start / end of year | 620 / 655 |
| Participants with account balances | 808 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lumsden & Mccormick |
Largest service providers (Schedule C)
| Voya Retirement Ins and Annuity Co | $90,230 reported compensation |
| Raymond James Financial Services | $23,850 reported compensation |
| Valiant Retire Inc. | $19,516 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143442NAL0001553043001, received 2025-10-14, EIN 16-1608040, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.