Westchester Medical Practice, Pc 401(k) Plan (terminated 2021): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2021, when $26.3 million was transferred out of the plan. Assets moved to the THE RETIREMENT SAVINGS PLAN (sponsored by THE NEW YORK-PRESBYTERIAN HOSPITAL). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Westchester Medical Practice, Pc 401(k) Plan Facts (plan year 2021)

Plan name
WESTCHESTER MEDICAL PRACTICE, PC 401(K) PROFIT SHARING PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
WESTCHESTER MEDICAL PRACTICE, PC
Participants
406
Former employees with a balance
0
Employer contributions
$655,081 in plan year 2021 (33% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 2008
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 17, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $1.98 million went into the plan in contributions, $655,081 of it from the employer (33%).
  • $2.84 million was paid out to participants.
  • Investment and other income added $3.41 million.

How the Westchester Medical Practice, Pc 401(k) changed, 20162021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016156$7.46 million$462,917$176,485
2017226$10.9 million$889,848$537,174
2018309$11.9 million$965,534$942,581
2019390$18.6 million$1.16 million$416,316
2020412$23.9 million$1.22 million$1.51 million
2021 (final)406$0$655,081$2.84 million

Westchester Medical Practice, Pc 401(k) Contact Information

Phone
914-739-0087
Mailing address
2649 STRANG BLVD SUITE 304, YORKTOWN HEIGHTS NY 10598
Plan sponsor
WESTCHESTER MEDICAL PRACTICE, PC
Employer identification number (EIN)
56-2662502
Plan number
001

Questions about the Westchester Medical Practice, Pc 401(k)

Is the Westchester Medical Practice, Pc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2021. Its assets were transferred to the THE RETIREMENT SAVINGS PLAN.

Does Westchester Medical Practice, Pc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $655,081, 33% of all contributions.

Does the Westchester Medical Practice, Pc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Westchester Medical Practice, Pc 401(k) plan?

406 participants at the start of plan year 2021.

Who manages the Westchester Medical Practice, Pc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

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