Plan Ledger DOL Form 5500 · updated monthly

Genesis Ob/Gyn, P.C.401(k)

GENESIS OB/GYN 401K PROFIT SHARING PLAN & TRUST · TUCSON, AZ · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Genesis Ob/Gyn, P.C. reported $107,932 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $7,326 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 3 years on file its reported administrative ratio has held roughly steady near 0.35%. 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 267th-largest of 1,285 plans among Arizona employers on file, and the 2,588th of 11,911 in health care & social assistance. In 2024, the employer put in $1.23 for every $1.00 employees contributed themselves; active participation has grown from 144 to 222 since 2022.

Plan summary
Net assets, end of year$32,743,043
Participants with balances293
Active participants222
Employer contributions$1,626,468
Employee contributions$1,327,329
Employer contribution per active participant$7,326
Average account balance$111,751
Benefits paid to participants$3,955,310
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS OVERMAN PIERCE
Plan history3
Yearassets · accounts · employer contribution
2024$32.7M · 293 accts · $1.6M emplr
2023$29.0M · 273 accts · $1.4M emplr
2022$25.1M · 234 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,234
Investment management$60,453
Trustee / custodial$3,245
Total administrative$107,932
The Genesis Ob/Gyn, P.C. 401(k) match · 2024
Employer contribution per active participant$7,326
Median for plans this size$2,416
2024$7,326 per active participant
2023$8,489 per active participant
2022$7,865 per active participant

Genesis Ob/Gyn, P.C.'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
MVP PLAN ADMINISTRATORS, INC. · Contract administrator · Recordkeeping$44,234
MORGAN STANLEY SMITH BARNEY · Investment advisory (participants) · Investment advisory (plan)$60,449
CHARLES SCHWAB TRUST BANK · Custodial (securities)$3,245

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

Recordkeeper by year2
2024MVP PLAN ADMINISTRATORS, INC.
2023MVP PLAN ADMINISTRATORS, INC.

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Administrative cost history3
2024$107,932 · 0.35%
2023$95,726 · 0.35%
2022$95,005 · 0.34%
Similar plansHealth Care & Social Assistance · Arizona
Marana Health Center, Inc. AZ$30.8M · 0.43%
Community Bridges, Inc. AZ$30.7M · 0.09%
Valley Ent, P.C. AZ$29.5M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261120011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.