Plan Ledger DOL Form 5500 · updated monthly

Integrated Medical Alliance,Pa401(k)

INTEGRATED MEDICINE ALLIANCE,P.A 401K PS PLAN · SHREWSBURY, NJ · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

Integrated Medical Alliance,Pa reported $57,098 in plan administrative expenses for 2023: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,394 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 0.37% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,159th-largest of 2,419 plans among New Jersey employers on file, and the 4,138th of 11,911 in health care & social assistance. In 2023, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,957,401
Participants with balances246
Active participants167
Employer contributions$399,734
Employee contributions$691,132
Employer contribution per active participant$2,394
Average account balance$68,933
Benefits paid to participants$558,996
Plan auditUnmodified (clean) audit opinion
AuditorHOLMAN FRENIA ALLISON, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 249 accts · $426K emplr
2023$17.0M · 246 accts · $400K emplr
2022$14.0M · 224 accts · $405K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$42,098
Investment management$15,000
Total administrative$57,098
The Integrated Medical Alliance,Pa 401(k) match · 2023
Employer contribution per active participant$2,394
Median for plans this size$2,440
2024$2,449 per active participant
2023$2,394 per active participant
2022$2,252 per active participant

Integrated Medical Alliance,Pa's 2023 employer contribution ran below the $2,440 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
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$42,098
ALLIANT RETIREMENT SERVICES · Investment advisory (plan)$15,000

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$53,724 · 0.32%
2023$57,098 · 0.37%
2022$57,366 · 0.37%
Similar plansHealth Care & Social Assistance · New Jersey
Bcd Health Partners, LLC NJ$17.4M · 0.02%
Bl Manager, LLC NJ$17.0M · 0.50%
Cmg Chelsea, LLC NJ$16.4M · 0.79%
Dialyze Direct, LLC NJ$16.1M · 0.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223277741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.