Plan Ledger DOL Form 5500 · updated monthly

Foundation Physicians Medical Group, Inc.DC plan

FOUNDATION PHYSICIANS MEDICAL GROUP, INC. 401(K) PLAN · RANCHO CORDOVA, CA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Foundation Physicians Medical Group, Inc. reported $78,672 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $19,599 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 0.11% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 889th-largest of 9,483 plans among California employers on file, and the 970th of 11,911 in health care & social assistance. In 2024, employees put in $1.15 for every $1.00 the employer contributed; active participation has shrunk from 372 to 303 since 2022.

Plan summary
Net assets, end of year$116,655,487
Participants with balances507
Active participants303
Employer contributions$5,938,599
Employee contributions$6,803,124
Employer contribution per active participant$19,599
Average account balance$230,090
Benefits paid to participants$9,993,006
Plan auditUnmodified (clean) audit opinion
AuditorWALTERS & SKLYAR LLP
Plan history3
Yearassets · accounts · employer contribution
2024$116.7M · 507 accts · $5.9M emplr
2023$97.8M · 492 accts · $6.3M emplr
2022$71.0M · 436 accts · $5.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,527
Investment management$31,257
Audit (IQPA)$19,950
Total administrative$78,672
Employer contributions to the Foundation Physicians Medical Group, Inc. plan · 2024
Employer contribution per active participant$19,599
Median for plans this size$3,635
2024$19,599 per active participant
2023$16,804 per active participant
2022$14,313 per active participant

Foundation Physicians Medical Group, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$31,257
PKF, LLP · Accounting / audit$19,950
RESOURCES INVESTMENT ADVISORS LLC · Investment advisory (plan)$17,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,677

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$78,672 · 0.07%
2023$92,226 · 0.11%
2022$81,230 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · California
Optimum Employer Solutions CA$118.2M · 0.56%
Inari Medical, Inc. CA$117.9M · 0.01%
Included Health, Inc. CA$112.1M · 0.22%
La Clinica de la Raza, Inc. CA$111.1M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320221884 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.