Plan Ledger DOL Form 5500 · updated monthly

Balboa Nephrology Medical Group, Inc.401(k)

BALBOA NEPHROLOGY MEDICAL GROUP, INC. PROFIT-SHARING PLAN · LA JOLLA, CA · plan year 2024

Reported admin expense ratio · 2024
0.45%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Balboa Nephrology Medical Group, Inc. reported $189,600 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $18,070 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,918th-largest of 9,483 plans among California employers on file, and the 2,033rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.95 for every $1.00 employees contributed themselves; active participation has shrunk from 194 to 171 since 2022.

Plan summary
Net assets, end of year$45,306,024
Participants with balances271
Active participants171
Employer contributions$3,089,931
Employee contributions$1,587,474
Employer contribution per active participant$18,070
Average account balance$167,181
Benefits paid to participants$3,526,551
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.3M · 271 accts · $3.1M emplr
2023$38.8M · 277 accts · $2.9M emplr
2022$29.9M · 265 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,940
Investment management$129,660
Total administrative$189,600
The Balboa Nephrology Medical Group, Inc. 401(k) match · 2024
Employer contribution per active participant$18,070
Median for plans this size$2,416
2024$18,070 per active participant
2023$15,733 per active participant
2022$12,627 per active participant

Balboa Nephrology Medical Group, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADAPTIVE FINANCIAL CONSULTING · Investment advisory (plan)$129,660

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$189,600 · 0.45%
2023$153,317 · 0.45%
2022$147,236 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · California
Hoag Medical Group, Inc. CA$46.8M · 0.30%
Kabafusion Holdings, L.L.C. CA$45.4M · 0.89%
Barlow Respiratory Hospital CA$44.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952848091 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.