Plan5500

Olean Medical Practice Pllc Retirement Plan — Form 5500 plan (Olean Medical Practice Pllc)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Olean Medical Practice Pllc Retirement Plan is a benefit plan reported by Olean Medical Practice Pllc under EIN 88-1324896 and plan number 002. The latest loaded filing year is 2023. The filing reports 256 participants and $31,632,958 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$31.6MPlan net assets, end of year$31,632,958
Participants256Covered participants reported
Assets / participant$123.6KComputed: assets ÷ participants$123,566 (computed)
Provider compensation$184.8K4 Schedule C provider row(s)$184,840
Plan sponsor
Olean Medical Practice Pllc
EIN
88-1324896
Plan number
002
Plan type
2
Location
Olean, NY
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    256 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$31.6M total assets
Net assets$31.6MLiabilities$0
Money in vs. money out
Total income / additions$5.9M
Total expenses$4.7M
Benefits paid / distributions$4.5M
Contributions
Employer$560K
Participant$656.6K
Full reported line items

Net assets

Total assets (EOY)
$31,632,958
Total liabilities (EOY)
$0
Net assets (EOY)
$31,632,958
Net assets (BOY)
$30,342,145

Income & contributions

Employer contributions
$560,034
Participant contributions
$656,618
Total contributions
$1,216,652
Total income / additions
$5,947,392

Expenses & distributions

Benefits paid
$4,524,265
Administrative expenses
$132,314
Total expenses
$4,656,579
Net increase / (decrease)
$1,290,813
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 46%Participant 54%
Total expenses ÷ net assets15%Computed ratio
Benefits paid ÷ total income76%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Voya Retirement Insurance & Annuity$132.3K
    SERVICE PROVIDER · Direct $132.3K · Indirect $0
  2. 2
    Lincoln Financial Advisors Corporat$24.8K
    SERVICE PROVIDER · Direct $24.8K
  3. 3
    Phillips Lytle Llp$14.1K
    SERVICE PROVIDER · Direct $14.1K
  4. 4
    Freed Maxick Cpas Pc$13.7K
    SERVICE PROVIDER · Direct $13.7K

What to inspect next

Frequently asked questions

Who sponsors the Olean Medical Practice Pllc Retirement Plan?
Olean Medical Practice Pllc Retirement Plan is reported as sponsored by Olean Medical Practice Pllc (EIN 88-1324896, plan number 002) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Olean Medical Practice Pllc Retirement Plan?
The latest Form 5500 filing year loaded for Olean Medical Practice Pllc Retirement Plan is 2023.
How many participants does Olean Medical Practice Pllc Retirement Plan report?
Olean Medical Practice Pllc Retirement Plan reports 256 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Olean Medical Practice Pllc Retirement Plan?
Olean Medical Practice Pllc Retirement Plan reports $31,632,958 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages