Plan Ledger DOL Form 5500 · updated monthly

Medbridge Development Company LP401(k)

MEDBRIDGE 401(K) PLAN · SANTA BARBARA, CA · plan year 2024

Reported admin expense ratio · 2024
0.60%

Medbridge Development Company LP reported $23,083 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. 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 0.44% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (7,263rd of 9,483), and 10,057th of 11,654 in professional & technical services. active participation has grown from 119 to 159 since 2022.

Plan summary
Net assets, end of year$4,315,936
Participants with balances159
Active participants159
Employer contributions—
Employee contributions$486,100
Employer contribution per active participant—
Average account balance$27,144
Benefits paid to participants$202,764
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 159 accts
2023$3.4M · 197 accts
2022$2.5M · 172 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,941
Investment management$142
Total administrative$23,083
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 · 20241
VESTWELL · Contract administrator · 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$23,083 · 0.60%
2023$17,900 · 0.60%
2022$11,913 · 0.44%
Similar plansProfessional & Technical Services · California
Deputy Corporation CA$4.4M · 0.16%
3PL Central, LLC CA$4.3M · 0.70%
Infinitus Systems, Inc CA$4.3M · 0.48%
Ispace, Inc. CA$4.3M · 0.49%
Mursion, Inc. CA$4.3M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770454805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.