Plan Snapshot
- Plan Sponsor: Physician Affiliate Group Of New York, P.C. (Pagny)
- Sponsor EIN: 900603487
- Sponsor Address: 420 LEXINGTON AVE, NEW YORK, NY, 10170
- Plan Type: 401(k)
- Total Participants: 3,604
- Total Assets: $1.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 3,604 | $1.3B | $43.3M | $49.2M |
| 2023 | 3,382 | $1.1B | $40.2M | $45.9M |
| 2022 | 3,315 | $901.7M | $37.0M | $41.0M |
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 |
|---|---|---|---|---|
| MERCER INVESTMENTS LLC | CONSULTANT | $422,851 | — | $422,851 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $225,626 | — | $225,626 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $648,477
- Estimated Expense Ratio: 0.051% 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 | $646,465 | — | $1,500 | — | — |
| 2023 | $671,613 | — | $1,500 | — | — |
| 2022 | $1,240,562 | — | — | — | — |