Plan Ledger DOL Form 5500 · updated monthly

Farallon Medical Alliance, LLC401(k)

FARALLON MEDICAL ALLIANCE RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2023

Reported admin expense ratio · 2023
0.18%

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

Farallon Medical Alliance, LLC reported $133,651 in plan administrative expenses for 2023: 0.18% of average plan assets, above the peer median. Employer contributions averaged $26,034 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 0.15% to 0.36%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,196th-largest of 9,483 plans among California employers on file, and the 1,291st of 11,911 in health care & social assistance. In 2023, the employer put in $1.29 for every $1.00 employees contributed themselves; active participation has grown from 133 to 154 since 2022.

Plan summary
Net assets, end of year$80,255,490
Participants with balances205
Active participants154
Employer contributions$4,009,193
Employee contributions$3,112,102
Employer contribution per active participant$26,034
Average account balance$391,490
Benefits paid to participants$5,822,079
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.5M · 141 accts · $3.3M emplr
2023$80.3M · 205 accts · $4.0M emplr
2022$67.3M · 183 accts · $3.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$133,651
Total administrative$133,651
The Farallon Medical Alliance, LLC 401(k) match · 2023
Employer contribution per active participant$26,034
Median for plans this size$3,659
2024$20,167 per active participant
2023$26,034 per active participant
2022$25,245 per active participant

Farallon Medical Alliance, LLC's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$103,966
CARLSON QUINN AND ASSOCIATES · Contract administrator$45,283

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$249,898 · 0.36%
2023$133,651 · 0.18%
2022$113,685 · 0.15%
Similar plansHealth Care & Social Assistance · California
Plum Healthcare Group, LLC CA$85.5M · 0.16%
Mlk, Jr. Community Hospital CA$85.2M · 0.05%
Falck USA, Inc. CA$82.2M · 0.24%
Marina Del Rey Hospital CA$76.3M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472544148 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.