Plan Ledger DOL Form 5500 · updated monthly

Maestro Health, Inc.401(k)

MAESTRO HEALTH 401(K) PLAN · CHICAGO, IL · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Maestro Health, Inc. reported $17,753 in plan administrative expenses for 2023: 0.15% of average plan assets, below the peer median. Employer contributions averaged $4,002 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 1 year on file its reported administrative ratio rose from 0.05% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Illinois (2,243rd of 3,702), and 3,808th of 4,798 in finance & insurance. In 2023, employees put in $1.63 for every $1.00 the employer contributed; active participation has shrunk from 140 to 77 since 2022.

Plan summary
Net assets, end of year$11,804,239
Participants with balances220
Active participants77
Employer contributions$308,121
Employee contributions$503,012
Employer contribution per active participant$4,002
Average account balance$53,656
Benefits paid to participants$2,322,565
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$11.8M · 220 accts · $308K emplr
2022$11.5M · 262 accts · $233K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,753
Total administrative$17,753
The Maestro Health, Inc. 401(k) match · 2023
Employer contribution per active participant$4,002
Median for plans this size$2,440
2023$4,002 per active participant
2022$1,665 per active participant

Maestro Health, Inc.'s 2023 employer contribution ran above 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
SHORE TOMPKINS ACTUARIAL RESOURCES · Contract administrator$5,025
GREAT-WEST LIFE & ANNUITY INS CO.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
2024Not separately reported
2023$17,753 · 0.15%
2022$6,700 · 0.05%
Same employer
Similar plansFinance & Insurance · Illinois
Tegus, Inc. IL$12.0M · 0.26%
Wacker Services Corp. IL$11.4M · 0.06%
Fortress Bank IL$11.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462712935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.