Plan Ledger DOL Form 5500 · updated monthly

Ismail B. Sendi, MD PC401(k)

NEW OAKLAND CHILD-ADOLESCENT AND FAMILY CENTER 401(K) PROFIT SHARING PLAN · CLARKSTON, MI · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Ismail B. Sendi, MD PC reported $11,235 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $315 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 rose from 0.03% to 0.25%. 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 (2,007th of 2,619), and 7,931st of 11,911 in health care & social assistance. In 2024, employees put in $6.91 for every $1.00 the employer contributed; active participation has grown from 240 to 274 since 2022.

Plan summary
Net assets, end of year$4,956,522
Participants with balances142
Active participants274
Employer contributions$86,187
Employee contributions$595,710
Employer contribution per active participant$315
Average account balance$34,905
Benefits paid to participants$214,286
Plan auditUnmodified (clean) audit opinion
AuditorWALTER, BOESKY & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 142 accts · $86K emplr
2023$4.0M · 125 accts · $76K emplr
2022$3.0M · 120 accts · $70K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,235
Total administrative$11,235
The Ismail B. Sendi, MD PC 401(k) match · 2024
Employer contribution per active participant$315
Median for plans this size$1,313
2024$315 per active participant
2023$318 per active participant
2022$294 per active participant

Ismail B. Sendi, MD PC'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 · 20243
BENEFIT PLAN SERVICES · Contract administrator$9,460
THE MICHIGAN PENSION GROUP · Contract administrator$1,450
CAPITAL GROUP RETIREMENT PLAN SVCS$925

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$11,235 · 0.25%
2023$5,950 · 0.17%
2022$888 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Rockwell Medical, Inc. MI$5.4M · 0.65%
Hospice of Holland, Inc MI$5.1M · 0.64%
Mgh Family Health Center MI$4.9M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383006825 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.