Westchester Medical Center Advanced Physician Services, P.C 401(k) Review & Grade
Wmchealth Network Affiliated Employers 401(k) Plan
Valhalla, NYHealth Care & Social Assistance4,992 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,556Employer $ per active participant
$6,354Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$380.4MNet plan assets, end of year
$73,273Average balance per account
Score breakdown
- Employer generosity42.3 / 5085th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 33th |
| Employee saving | 84th |
| Peers that auto-enroll | 38% |
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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
- Westchester Medical Center Advanced Physician Services put in about $3,556 per active participant, more than the typical peer ($800). 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 (0.21% of assets) are well above similar-size plans (0.12%). 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 | $17,750,999 |
| Participant (employee) contributions | $31,717,480 |
| Other contributions (incl. rollovers in) | $5,543,165 |
| Administrative expenses paid from the plan | $733,793 |
| Investment advisory & management fees | $134,319 |
| Other admin expenses | $32,094 |
| Benefits paid out | $33,726,272 |
| Net assets, start / end of year | $315.3M / $380.4M |
| Active participants, start / end of year | 4,894 / 5,089 |
| Participants with account balances | 5,192 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $537,875 reported compensation |
| Capfinancial Partners LLC DBA Captr | $120,023 reported compensation |
| PKF O'connor Davies LLP | $29,505 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010095634NAL0007904129001, received 2025-10-10, EIN 26-4709927, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.