Plan Ledger DOL Form 5500 · updated monthly

Galilee Medical401(k)

GALILEE MEDICAL 401K · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
1.62%

Galilee Medical reported $12,424 in plan administrative expenses for 2024: 1.62% of average plan assets, above the peer median. 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 1.32% to 1.62%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (3,513th of 3,702), and 11,065th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$810,779
Participants with balances111
Active participants91
Employer contributions—
Employee contributions$122,463
Employer contribution per active participant—
Average account balance$7,304
Benefits paid to participants$86,833
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$811K · 111 accts
2023$722K · 118 accts
2022$643K · 272 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,424
Investment management$9,000
Total administrative$12,424
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
ASSURANCE DIMENSIONS · Recordkeeping · Pension consulting$9,000
ADP, INC. · Loan processing · Recordkeeping$3,424
ADP BROKER-DEALER · Other servicesindirect comp
MASS MUTUAL · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, ASSURANCE DIMENSIONS
2023ADP, ASSURANCE DIMENSIONS

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Administrative cost history3
2024$12,424 · 1.62%
2023$17,617 · 2.58%
2022$8,816 · 1.32%
Similar plansHealth Care & Social Assistance · Illinois
The Voyage Senior Living IL$903K · 2.73%
Wings Program Inc IL$821K · 0.09%
Bria Health Services, LLC IL$724K · 1.53%
Cedar Court Imaging LTD IL$701K · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363997185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.