Plan Ledger DOL Form 5500 · updated monthly

Granger Medical Clinic, P.C.401(k)

GRANGER MEDICAL CLINIC, P.C. 401(K) AND PROFIT SHARING PLAN · WEST JORDAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Granger Medical Clinic, P.C. reported $245,541 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,668 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 0.30% to 0.27%. 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 90th-largest of 848 plans among Utah employers on file, and the 1,156th of 11,911 in health care & social assistance. In 2024, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$92,863,735
Participants with balances1,363
Active participants921
Employer contributions$3,378,368
Employee contributions$4,474,084
Employer contribution per active participant$3,668
Average account balance$68,132
Benefits paid to participants$14,765,864
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$92.9M · 1,363 accts · $3.4M emplr
2023$89.2M · 1,300 accts · $3.4M emplr
2022$76.1M · 1,210 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,942
Investment management$127,599
Total administrative$245,541
The Granger Medical Clinic, P.C. 401(k) match · 2024
Employer contribution per active participant$3,668
Median for plans this size$3,635
2024$3,668 per active participant
2023$4,060 per active participant
2022$4,038 per active participant

Granger Medical Clinic, P.C.'s 2024 employer contribution ran above the $3,635 median for plans its size. 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$118,028
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$63,000
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$41,565
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$23,033

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$245,541 · 0.27%
2023$228,618 · 0.28%
2022$244,165 · 0.30%
Same employer
Similar plansHealth Care & Social Assistance · Utah
Tanner Memorial Clinic UT$146.2M · 0.08%
Wasatch Pediatrics, Inc. UT$68.8M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870284475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.