Plan Ledger DOL Form 5500 · updated monthly

Lansing Urgent Care, PLC401(k)

LANSING URGENT CARE 401(K) PLAN · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Lansing Urgent Care, PLC reported $47,282 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $808 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 0.63% to 0.67%. 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 (1,732nd of 2,619), and 6,595th of 11,911 in health care & social assistance. In 2024, employees put in $6.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,674,143
Participants with balances203
Active participants182
Employer contributions$147,038
Employee contributions$894,560
Employer contribution per active participant$808
Average account balance$37,804
Benefits paid to participants$786,743
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 203 accts · $147K emplr
2023$6.4M · 208 accts · $143K emplr
2022$4.7M · 198 accts · $135K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,282
Total administrative$47,282
The Lansing Urgent Care, PLC 401(k) match · 2024
Employer contribution per active participant$808
Median for plans this size$1,313
2024$808 per active participant
2023$801 per active participant
2022$782 per active participant

Lansing Urgent Care, PLC's 2024 employer contribution ran below the $1,313 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 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$47,281
PRINCIPAL SECURITIES 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$47,282 · 0.67%
2023$37,291 · 0.67%
2022$29,755 · 0.63%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
The Care Team MI$8.1M · 0.92%
Area Agency on Aging 1-B MI$7.7M · 0.58%
Naberhaus Therapy Inc MI$7.4M · 0.32%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 204044472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.