Plan Ledger DOL Form 5500 · updated monthly

Hoag Medical Group, Inc.401(k)

HOAG CLINIC MEDICAL GROUPS 401(K) PLAN · COSTA MESA, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Hoag Medical Group, Inc. reported $119,380 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $6,232 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 0.07% to 0.30%. 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 1,872nd-largest of 9,483 plans among California employers on file, and the 1,982nd of 11,911 in health care & social assistance. In 2024, employees put in $3.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,777,217
Participants with balances318
Active participants286
Employer contributions$1,782,265
Employee contributions$6,150,696
Employer contribution per active participant$6,232
Average account balance$147,098
Benefits paid to participants$1,007,938
Plan auditUnmodified (clean) audit opinion
AuditorKPMG LLP
Plan history2
Yearassets · accounts · employer contribution
2024$46.8M · 318 accts · $1.8M emplr
2023$32.1M · 272 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,823
Investment management$16,807
Total administrative$119,380
The Hoag Medical Group, Inc. 401(k) match · 2024
Employer contribution per active participant$6,232
Median for plans this size$2,416
2024$6,232 per active participant
2023$6,483 per active participant

Hoag Medical Group, 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 · 20244
SAGEVIEW · Consulting$43,750
KPMG LLP · Accounting / audit$40,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,823
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$16,807

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

Administrative cost history2
2024$119,380 · 0.30%
2023$22,123 · 0.07%
All plans at this employer2
HOAG MEDICAL GROUP, INC. 401(K) PLAN401(k)
HOAG CLINIC MEDICAL GROUPS 401(K) PLAN401(k)
Same employer
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Child Care Resource Center CA$47.4M · 0.02%
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Source: U.S. Department of Labor, Form 5500 series, EIN 900616722 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.