Plan Ledger DOL Form 5500 · updated monthly

Kern Medical Surgery Center Ll401(k)

KERN MEDICAL SURGERY CENTER LL 401(K) PROFIT SHARING PLAN & TRUST · BAKERSFIELD, CA · plan year 2023

Reported admin expense ratio · 2023
1.55%

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

Kern Medical Surgery Center Ll reported $14,493 in plan administrative expenses for 2023: 1.55% of average plan assets, above the peer median. Employer contributions averaged $1,085 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (8,791st of 9,483), and 11,225th of 11,654 in professional & technical services. In 2023, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,079,073
Participants with balances254
Active participants95
Employer contributions$103,035
Employee contributions$180,259
Employer contribution per active participant$1,085
Average account balance$4,248
Benefits paid to participants$70,117
Plan auditUnmodified (clean) audit opinion
AuditorBROWN ARMSTRONG ACCOUNTANCY CORP
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,189
Investment management$6,304
Total administrative$14,493
The Kern Medical Surgery Center Ll 401(k) match · 2023
Employer contribution per active participant$1,085
Median for plans this size$522

Kern Medical Surgery Center Ll's 2023 employer contribution ran above the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
401K GENERATION INC. · Investment advisory (participants)$5,713

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

Administrative cost history1
2023$14,493 · 1.55%
Similar plansProfessional & Technical Services · California
Med-Plus Pharmacy, Inc. CA$1.1M · 1.06%
Vidhwan Inc CA$1.1M · 1.16%
Gcorp Consulting CA$1.0M · 1.72%
Starwest Botanicals, LLC CA$1.0M · 1.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352572591 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.