Plan Ledger DOL Form 5500 · updated monthly

Desert Physicians Management L401(k)

DESERT PHYSICIANS MANAGEMENT L 401(K) PROFIT SHARING PLAN & TRUST · APPLE VALLEY, CA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Desert Physicians Management L reported $34,576 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $1,526 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 rose from 0.24% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (6,723rd of 9,483), and 7,428th of 11,911 in health care & social assistance. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,863,500
Participants with balances266
Active participants249
Employer contributions$379,959
Employee contributions$708,117
Employer contribution per active participant$1,526
Average account balance$22,043
Benefits paid to participants$1,798,079
Plan auditUnmodified (clean) audit opinion
AuditorLAWRENCE R MITCHELL & CO CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 266 accts · $380K emplr
2023$5.6M · 259 accts · $414K emplr
2022$4.0M · 232 accts · $339K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,718
Investment management$16,998
Trustee / custodial$860
Total administrative$34,576
The Desert Physicians Management L 401(k) match · 2024
Employer contribution per active participant$1,526
Median for plans this size$1,313
2024$1,526 per active participant
2023$1,490 per active participant
2022$1,367 per active participant

Desert Physicians Management L's 2024 employer contribution ran above the $1,313 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 · 20242
PAYCHEX, INC. · Recordkeeping$16,978
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (participants)$19,974

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

Recordkeeper by year2
2024Paychex
2023Paychex, Raymond James

This plan has changed recordkeepers within these filings. If you left Desert Physicians Management L before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$34,576 · 0.60%
2023$19,197 · 0.40%
2022$9,119 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · California
Exer Holding Company LLC CA$5.9M · 0.40%
Opco Ca Skilled Mgmt Inc. CA$5.8M · 1.12%
Family Service Agency CA$5.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330980643 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.