Plan Ledger DOL Form 5500 · updated monthly

Medical Faculty Associates, Inc.403(b)

MEDICAL FACULTY ASSOCIATES 403(B) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Medical Faculty Associates, Inc. reported $148,326 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $5,003 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 0.00% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other educational services employers. By assets it is the 34th-largest of 618 plans among District of Columbia employers on file, and the 166th of 3,091 in educational services. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$345,110,610
Participants with balances3,938
Active participants1,567
Employer contributions$7,839,431
Employee contributions$14,100,899
Employer contribution per active participant$5,003
Average account balance$87,636
Benefits paid to participants$28,925,785
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$345.1M · 3,938 accts · $7.8M emplr
2023$302.1M · 3,951 accts · $7.7M emplr
2022$249.5M · 3,639 accts · $7.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$375
Investment management$23,661
Total administrative$148,326
Employer contributions to the Medical Faculty Associates, Inc. plan · 2024
Employer contribution per active participant$5,003
Median for plans this size$4,294
2024$5,003 per active participant
2023$4,518 per active participant
2022$4,820 per active participant

Medical Faculty Associates, Inc.'s 2024 employer contribution ran above the $4,294 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 · 20244
GROOM LAW GROUP, CHARTERED · Legal$124,290
STRATEGIC ADVISORS, INC · Investment advisory (plan)$23,661
TIAA$375
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$148,326 · 0.05%
2023$159,626 · 0.06%
2022$200 · 0.00%
All plans at this employer2
THE MEDICAL FACULTY ASSOCIATES 401(A) RETIREMENT PLANProfit-sharing plan
MEDICAL FACULTY ASSOCIATES 403(B) PLAN403(b)
Same employer
Similar plansEducational Services · District of Columbia
Georgetown University DC$2.5B · 0.01%
American University DC$1.4B · 0.02%
Howard University DC$1.2B · 0.06%
The Urban Institute DC$329.9M · 0.07%
Georgetown Day School, Inc. DC$106.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522220700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.