Plan Snapshot
- Plan Sponsor: Medical Health Associates Of Western New York, PLLC
- Sponsor EIN: 814941165
- Sponsor Address: 8205 MAIN STREET, SUITE 10, WILLIAMSVILLE, NY, 14221
- Plan Type: 401(k)
- Total Participants: 200
- Total Assets: $29.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 200 | $29.1M | $688,999 | $1.1M |
| 2023 | 199 | $26.4M | $654,449 | $1.1M |
| 2022 | 189 | $21.6M | $480,522 | $988,128 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| JOHN HANCOCK | RETAINED BY EMPLOYER | $43,296 | — | $43,296 |
| LAWLEY RETIREMENT ADVISORS LLC | RETAINED BY EMPLOYER | $22,672 | — | $22,672 |
| FREED MAXICK, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY EMPLOYER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,968
- Estimated Expense Ratio: 0.227% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $65,968 | $23,985 | $41,983 | — | — |
| 2023 | $60,177 | $23,261 | $36,916 | — | — |
| 2022 | $61,052 | $235 | $60,817 | — | — |