Plan Ledger DOL Form 5500 · updated monthly

Matrix Providers Inc.401(k)

MATRIX PROVIDERS INC. 401(K) PROFIT SHARING PLAN · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
1.11%

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

Matrix Providers Inc. reported $88,578 in plan administrative expenses for 2024: 1.11% of average plan assets, higher than ~75% of peers. Employer contributions averaged $464 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 1.04% to 1.11%. 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 Colorado (853rd of 1,461), and 6,174th of 11,911 in health care & social assistance. In 2024, employees put in $8.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,674,879
Participants with balances509
Active participants523
Employer contributions$242,805
Employee contributions$2,091,526
Employer contribution per active participant$464
Average account balance$17,043
Benefits paid to participants$2,276,783
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 509 accts · $243K emplr
2023$7.2M · 484 accts · $284K emplr
2022$5.7M · 495 accts · $255K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,137
Investment management$24,441
Total administrative$88,578
The Matrix Providers Inc. 401(k) match · 2024
Employer contribution per active participant$464
Median for plans this size$1,313
2024$464 per active participant
2023$525 per active participant
2022$458 per active participant

Matrix Providers Inc.'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$64,586
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$23,991

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP

This plan has changed recordkeepers within these filings. If you left Matrix Providers Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$88,578 · 1.11%
2023$76,610 · 1.18%
2022$61,397 · 1.04%
Same employer
Similar plansHealth Care & Social Assistance · Colorado
Cedar Point Health LLC CO$9.4M · 0.48%
Denver Rescue Mission CO$8.7M · 0.43%
Intervention Inc. CO$8.4M · 0.39%
Urology Associates, P.C. CO$8.3M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272753271 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.