Plan Ledger DOL Form 5500 · updated monthly

Hurley Practice401(k)

HURLEY PRACTICE MANAGEMENT SERVICES EMPLOYEE DEFERRED COMPENSATION PLAN · FLINT, MI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Hurley Practice reported $9,190 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $350 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 0.32% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,169th of 2,619), and 8,795th of 11,911 in health care & social assistance. In 2024, employees put in $3.45 for every $1.00 the employer contributed; active participation has grown from 223 to 255 since 2022.

Plan summary
Net assets, end of year$3,656,402
Participants with balances156
Active participants255
Employer contributions$89,138
Employee contributions$307,227
Employer contribution per active participant$350
Average account balance$23,438
Benefits paid to participants$220,209
Plan auditUnmodified (clean) audit opinion
AuditorYEO & YEO
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 156 accts · $89K emplr
2023$3.1M · 169 accts · $67K emplr
2022$2.8M · 142 accts · $71K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,190
Total administrative$9,190
The Hurley Practice 401(k) match · 2024
Employer contribution per active participant$350
Median for plans this size$1,313
2024$350 per active participant
2023$292 per active participant
2022$320 per active participant

Hurley Practice's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$9,190
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)indirect 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$9,190 · 0.27%
2023$9,290 · 0.31%
2022$8,472 · 0.32%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Allure Medical Spa MI$3.9M · 0.37%
Custom Home Health, Inc. MI$3.8M · 0.53%
Eightcap, Inc. MI$3.5M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383271446 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.