Plan Ledger DOL Form 5500 · updated monthly

Foothill Cardiology Medical Group, Inc.401(k)

FOOTHILL CARDIOLOGY PROFIT SHARING/401(K) AND HEALTH/DISABILITY PLAN AND TRUST · COVINA, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Foothill Cardiology Medical Group, Inc. reported $29,549 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,555 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 0.19% to 0.08%. 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 2,190th-largest of 9,483 plans among California employers on file, and the 2,283rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.11 for every $1.00 employees contributed themselves; active participation has grown from 85 to 103 since 2022.

Plan summary
Net assets, end of year$38,919,217
Participants with balances123
Active participants103
Employer contributions$984,166
Employee contributions$889,090
Employer contribution per active participant$9,555
Average account balance$316,416
Benefits paid to participants$350,536
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.9M · 123 accts · $984K emplr
2023$31.4M · 131 accts · $897K emplr
2022$25.3M · 118 accts · $761K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,087
Investment management$462
Total administrative$29,549
The Foothill Cardiology Medical Group, Inc. 401(k) match · 2024
Employer contribution per active participant$9,555
Median for plans this size$2,416
2024$9,555 per active participant
2023$10,192 per active participant
2022$8,950 per active participant

Foothill Cardiology Medical Group, Inc.'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 · 20241
JOHN HANCOCK USA · Recordkeeping · Contract administrator$26,419

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$29,549 · 0.08%
2023$37,229 · 0.13%
2022$53,524 · 0.19%
Same employer
Similar plansHealth Care & Social Assistance · California
H.M. Providers, Inc. CA$39.4M · 0.14%
Childrens Institute, Inc. CA$39.1M · 0.59%
Altais Health Solutions CA$38.8M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953350882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.