Plan Ledger DOL Form 5500 · updated monthly

Mendelson Orthopedics, P.C.401(k)

SHP / MKO 401K AND PROFIT SHARING PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Mendelson Orthopedics, P.C. reported $41,904 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $3,371 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 0.55% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 839th-largest of 2,619 plans among Michigan employers on file, and the 2,958th of 11,911 in health care & social assistance. In 2024, employees put in $1.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,390,859
Participants with balances363
Active participants284
Employer contributions$957,363
Employee contributions$1,201,602
Employer contribution per active participant$3,371
Average account balance$75,457
Benefits paid to participants$2,556,480
Plan auditUnmodified (clean) audit opinion
AuditorPORVIN, BURNSTEIN & GARELIK, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$27.4M · 363 accts · $957K emplr
2023$24.2M · 475 accts · $1.0M emplr
2022$19.3M · 432 accts · $969K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,904
Total administrative$41,904
The Mendelson Orthopedics, P.C. 401(k) match · 2024
Employer contribution per active participant$3,371
Median for plans this size$2,416
2024$3,371 per active participant
2023$3,932 per active participant
2022$3,447 per active participant

Mendelson Orthopedics, P.C.'s 2024 employer contribution ran above the $2,416 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect 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
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$41,904 · 0.16%
2023$124,564 · 0.57%
2022$114,487 · 0.55%
Similar plansHealth Care & Social Assistance · Michigan
Compass Healthcare PLC MI$30.5M · 0.19%
The Hurley Clinic MI$29.1M · 0.01%
Redwood Dental Group MI$28.4M · 0.33%
Eversight MI$26.2M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200180191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.