Plan Ledger DOL Form 5500 · updated monthly

Bryn Mawr Medical Specialists Association401(k)

BRYN MAWR MEDICAL SPECIALISTS ASSOCIATION PROFIT SHARING PLAN · BRYN MAWR, PA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Bryn Mawr Medical Specialists Association reported $419,073 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,653 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 2 years on file its reported administrative ratio fell from 0.35% to 0.31%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 374th-largest of 3,651 plans among Pennsylvania employers on file, and the 827th of 11,911 in health care & social assistance. In 2024, the employer put in $1.79 for every $1.00 employees contributed themselves; active participation has grown from 329 to 484 since 2022.

Plan summary
Net assets, end of year$139,993,217
Participants with balances365
Active participants484
Employer contributions$4,671,896
Employee contributions$2,616,358
Employer contribution per active participant$9,653
Average account balance$383,543
Benefits paid to participants$11,754,905
Plan auditUnmodified (clean) audit opinion
AuditorJOSEPH P. MELVIN COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$140.0M · 365 accts · $4.7M emplr
2023$130.5M · 384 accts · $4.1M emplr
2022$117.9M · 389 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$203,616
Investment management$175,938
Total administrative$419,073
The Bryn Mawr Medical Specialists Association 401(k) match · 2024
Employer contribution per active participant$9,653
Median for plans this size$3,635
2024$9,653 per active participant
2023$11,303 per active participant
2022$11,338 per active participant

Bryn Mawr Medical Specialists Association's 2024 employer contribution ran above the $3,635 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 · 20243
BURKE GROUP · Consulting$203,616
PRIME, BUCHOLTZ & ASSOCIATES · Investment advisory (plan)$175,938
NEWPORT TRUST COMPANY · Custodial (securities)$39,519

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$419,073 · 0.31%
2023$402,829 · 0.32%
2022$445,089 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Merakey USA PA$155.3M · 0.40%
The Washington Hospital PA$146.0M · 0.16%
Health Partners Plans, Inc. PA$145.9M · 0.02%
Grand View Health PA$134.4M · 0.16%
Rgi Management Company LLC PA$124.5M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231714249 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.