Plan Ledger DOL Form 5500 · updated monthly

Canon Medical Systems USA, Inc.401(k)

CANON MEDICAL SYSTEMS USA, INC. 401(K) SAVINGS PLAN · TUSTIN, CA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Canon Medical Systems USA, Inc. reported $621,361 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,959 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 0.15% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 259th-largest of 9,483 plans among California employers on file, and the 349th of 11,654 in professional & technical services. In 2024, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$507,678,427
Participants with balances1,553
Active participants1,296
Employer contributions$7,723,018
Employee contributions$22,482,495
Employer contribution per active participant$5,959
Average account balance$326,902
Benefits paid to participants$56,504,836
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$507.7M · 1,553 accts · $7.7M emplr
2023$459.0M · 1,338 accts · $7.7M emplr
2022$395.3M · 1,396 accts · $7.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,296
Investment management$42,657
Audit (IQPA)$13,650
Total administrative$621,361
The Canon Medical Systems USA, Inc. 401(k) match · 2024
Employer contribution per active participant$5,959
Median for plans this size$4,294
2024$5,959 per active participant
2023$6,493 per active participant
2022$6,134 per active participant

Canon Medical Systems USA, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size. 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 · 20245
T ROWE PRICE RPS INC · Recordkeeping · Trustee$92,296
MERCER · Consulting$141,390
GROOM LAW GROUP, CHARTERED · Legal$59,721
MORNINGSTAR · Investment advisory (participants)$42,657
MILLER, KAPLAN, ARASE & CO., LLP · Accounting / audit$13,650

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$621,361 · 0.13%
2023$654,853 · 0.15%
2022$649,005 · 0.15%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 680178440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.