Plan Ledger DOL Form 5500 · updated monthly

Health Source Mso Inc401(k)

HEALTH SOURCE MSO INC 401(K) PROFIT SHARING PLAN & TRUST · ALHAMBRA, CA · plan year 2023

Reported admin expense ratio · 2023
1.02%

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

Health Source Mso Inc reported $24,620 in plan administrative expenses for 2023: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $676 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 1 year on file its reported administrative ratio rose from 0.68% to 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (7,959th of 9,483), and 9,430th of 11,911 in health care & social assistance. In 2023, employees put in $3.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,769,037
Participants with balances82
Active participants175
Employer contributions$118,251
Employee contributions$369,778
Employer contribution per active participant$676
Average account balance$33,769
Benefits paid to participants$143,715
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$2.8M · 82 accts · $118K emplr
2022$2.0M · 120 accts · $99K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,623
Investment management$9,997
Total administrative$24,620
The Health Source Mso Inc 401(k) match · 2023
Employer contribution per active participant$676
Median for plans this size$1,308
2023$676 per active participant
2022$777 per active participant

Health Source Mso Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PAYCHEX, INC. · Investment advisory (participants) · Recordkeeping$14,648
GOLDEN STATE WEALTH MANAGMENT · Investment advisory (participants) · Recordkeeping$9,182

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

Administrative cost history2
2023$24,620 · 1.02%
2022$14,055 · 0.68%
Similar plansHealth Care & Social Assistance · California
Illumination Foundation CA$2.8M · 1.24%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 203722095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.