Plan Ledger DOL Form 5500 · updated monthly

Medical Association of Georgia401(k)

MEDICAL ASSOCIATION OF GEORGIA MULTIPLE EMPLOYER 401(K) PROFIT SHARING PLAN · ATLANTA, GA · plan year 2023

Reported admin expense ratio · 2023
0.42%

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

Medical Association of Georgia reported $423,223 in plan administrative expenses for 2023: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,371 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 fell from 0.43% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other other services employers. By assets it is the 263rd-largest of 2,160 plans among Georgia employers on file, and the 184th of 3,341 in other services. In 2023, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$108,026,116
Participants with balances705
Active participants657
Employer contributions$2,871,867
Employee contributions$3,576,168
Employer contribution per active participant$4,371
Average account balance$153,229
Benefits paid to participants$6,407,890
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.8M · 540 accts · $2.0M emplr
2023$108.0M · 705 accts · $2.9M emplr
2022$91.8M · 707 accts · $4.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$82,385
Investment management$333,515
Trustee / custodial$7,323
Total administrative$423,223
The Medical Association of Georgia 401(k) match · 2023
Employer contribution per active participant$4,371
Median for plans this size$3,659
2024$3,515 per active participant
2023$4,371 per active participant
2022$6,544 per active participant

Medical Association of Georgia's 2023 employer contribution ran above the $3,659 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 · 20239
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$80,531
MERCER GLOBAL ADVISORS, INC · Investment advisory (participants) · Investment advisory (plan)$98,299
ACG WEALTH, INC. · Investment advisory (participants) · Investment advisory (plan)$90,615
ENVESTNET ASSET MANAGEMENT INC · Investment advisory (participants) · Investment advisory (plan)$43,626
MERCER GLOBAL ADVISORS INC · Investment advisory (participants) · Investment advisory (plan)$36,704
CAMBRIDGE INVESTMENT RESEARCH · Investment advisory (participants) · Investment advisory (plan)$29,137
FISHER INVESTMENTS · Investment advisory (participants) · Investment advisory (plan)$24,050
CHARLES SCHWAB BANK · Custodial (securities) · Securities brokerage$7,323
BLUECHIP WEALTH ADVISORS · Investment advisory (participants) · Investment advisory (plan)$6,208

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$229,506 · 0.29%
2023$423,223 · 0.42%
2022$434,025 · 0.43%
Similar plansOther Services · Georgia
Mimedx Group, Inc. GA$86.2M · 0.12%
Leaseplan U.S.A., Inc. GA$72.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580605267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.