Plan Ledger DOL Form 5500 · updated monthly

Mb Medical Operations, LLC401(k)

MB MEDICAL OPERATIONS, LLC 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
1.06%

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

Mb Medical Operations, LLC reported $43,467 in plan administrative expenses for 2024: 1.06% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,442 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 0.36% to 1.06%. 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 Florida (2,411th of 3,644), and 7,658th of 11,911 in health care & social assistance. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,437,560
Participants with balances341
Active participants719
Employer contributions$1,036,487
Employee contributions$1,869,469
Employer contribution per active participant$1,442
Average account balance$15,946
Benefits paid to participants$737,741
Plan auditUnmodified (clean) audit opinion
AuditorPAAST
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 341 accts · $1.0M emplr
2023$2.8M · 289 accts · $711K emplr
2022$869K · 135 accts · $300K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,467
Total administrative$43,467
The Mb Medical Operations, LLC 401(k) match · 2024
Employer contribution per active participant$1,442
Median for plans this size$1,313
2024$1,442 per active participant
2023$1,017 per active participant
2022$403 per active participant

Mb Medical Operations, LLC's 2024 employer contribution ran above 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
ADP, INC. · Loan processing · Recordkeeping$43,467
ADP BROKER-DEALERindirect comp

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
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,467 · 1.06%
2023$25,282 · 1.38%
2022$3,141 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Pcc Medical Holdings LLC FL$5.5M · 0.78%
Qsm Health Systems, Inc. FL$5.5M · 0.91%
Sightlife FL$5.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814488450 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.