Plan Ledger DOL Form 5500 · updated monthly

Kern Radiology Medical Group, Inc.401(k)

KERN RADIOLOGY MEDICAL GROUP, INC. 401(K) RETIREMENT PLAN · BAKERSFIELD, CA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Kern Radiology Medical Group, Inc. reported $35,157 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $9,692 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 3 years on file its reported administrative ratio has held roughly steady near 0.275%. 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 4,617th-largest of 9,483 plans among California employers on file, and the 4,736th of 11,911 in health care & social assistance. In 2024, the employer put in $1.29 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$13,777,433
Participants with balances126
Active participants55
Employer contributions$533,062
Employee contributions$413,741
Employer contribution per active participant$9,692
Average account balance$109,345
Benefits paid to participants$418,029
Plan auditUnmodified (clean) audit opinion
AuditorBARBICH HOOPER KINGDILL HOFFMAN
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 126 accts · $533K emplr
2023$11.8M · 150 accts · $534K emplr
2022$10.0M · 146 accts · $114K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,849
Investment management$15,001
Trustee / custodial$8,307
Total administrative$35,157
The Kern Radiology Medical Group, Inc. 401(k) match · 2024
Employer contribution per active participant$9,692
Median for plans this size$2,416
2024$9,692 per active participant
2023$8,893 per active participant
2022$1,869 per active participant

Kern Radiology 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 · 20243
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$11,849
NORTH PIER FIDUCIARY MGMT. · Investment advisory (participants) · Investment advisory (plan)$15,001
NEWPORT TRUST COMPANY · Trustee · Trustee (discretionary)$8,307

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$35,157 · 0.27%
2023$37,974 · 0.35%
2022$29,025 · 0.27%
Similar plansHealth Care & Social Assistance · California
Valley Health Team, Inc. CA$14.0M · 0.78%
East Bay Integrated Care CA$13.8M · 0.69%
Sun Mar Healthcare CA$13.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770251480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.