Plan Ledger DOL Form 5500 · updated monthly

Greater Modesto Medical Surgical Associates, Inc401(k)

GMMSA 401(K) PSP · MODESTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Greater Modesto Medical Surgical Associates, Inc reported $60,805 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $8,746 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 0.24% to 0.18%. 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 2,349th-largest of 9,483 plans among California employers on file, and the 2,442nd of 11,911 in health care & social assistance. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has shrunk from 163 to 119 since 2022.

Plan summary
Net assets, end of year$35,545,375
Participants with balances258
Active participants119
Employer contributions$1,040,809
Employee contributions$2,231,463
Employer contribution per active participant$8,746
Average account balance$137,773
Benefits paid to participants$6,177,625
Plan auditUnmodified (clean) audit opinion
AuditorATHERTON & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$35.5M · 258 accts · $1.0M emplr
2023$33.6M · 265 accts · $1.2M emplr
2022$27.4M · 268 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Investment management$68,420
Total administrative$60,805
The Greater Modesto Medical Surgical Associates, Inc 401(k) match · 2024
Employer contribution per active participant$8,746
Median for plans this size$2,416
2024$8,746 per active participant
2023$7,409 per active participant
2022$7,126 per active participant

Greater Modesto Medical Surgical Associates, 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 · 20242
LPL FINANCIAL, LLC · Investment advisory (plan)$68,420
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$60,805 · 0.18%
2023$73,274 · 0.24%
2022$69,335 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · California
Sequoia Living Inc. CA$36.4M · 0.24%
Covia Communities CA$36.2M · 0.14%
Sante Health Systems, Inc. CA$35.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264290978 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.