Plan Ledger DOL Form 5500 · updated monthly

Family Orthopedic Associates P401(k)

FAMILY ORTHOPEDIC ASSOCIATES P 401(K) PROFIT SHARING PLAN & TRUST · FLINT, MI · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Family Orthopedic Associates P reported $72,411 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $7,007 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 0.25% to 0.31%. 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 935th-largest of 2,619 plans among Michigan employers on file, and the 3,330th of 11,911 in health care & social assistance. In 2024, the employer put in $1.72 for every $1.00 employees contributed themselves; active participation has grown from 96 to 109 since 2022.

Plan summary
Net assets, end of year$23,178,956
Participants with balances131
Active participants109
Employer contributions$763,739
Employee contributions$444,454
Employer contribution per active participant$7,007
Average account balance$176,939
Benefits paid to participants$4,852,511
Plan auditUnmodified (clean) audit opinion
AuditorTAYLOR & MORGAN CPA, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$23.2M · 131 accts · $764K emplr
2023$23.1M · 112 accts · $941K emplr
2022$19.7M · 107 accts · $477K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,035
Investment management$21,516
Trustee / custodial$860
Total administrative$72,411
The Family Orthopedic Associates P 401(k) match · 2024
Employer contribution per active participant$7,007
Median for plans this size$2,416
2024$7,007 per active participant
2023$9,136 per active participant
2022$4,964 per active participant

Family Orthopedic Associates P'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 · 20243
PAYCHEX, INC. · Recordkeeping$5,396
WELLS FARGO ADVISORS · Investment advisory (participants)$21,516
ERISA FIDUCIARY SERVICES, INC. · Contract administrator$6,880

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
2023ERISA FIDUCIARY SERVICES, INC., Paychex, Wells Fargo

This plan has changed recordkeepers within these filings. If you left Family Orthopedic Associates P 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$72,411 · 0.31%
2023$52,445 · 0.25%
2022$53,388 · 0.25%
Similar plansHealth Care & Social Assistance · Michigan
Eversight MI$26.2M · 0.20%
Metropolitan Enterprises MI$23.3M · 0.16%
Nexcare Health Systems, LLC MI$22.8M · 0.57%
Marlette Regional Hospital MI$22.2M · 0.43%
Orthodontic Partners, LLC MI$22.0M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382265342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.