Plan Ledger DOL Form 5500 · updated monthly

Merced Faculty Associates Medical Group, Inc.401(k)

MERCED FACULTY ASSOCIATES MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN · MERCED, CA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Merced Faculty Associates Medical Group, Inc. reported $56,856 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $7,095 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 0.21% to 0.20%. 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 2,582nd-largest of 9,483 plans among California employers on file, and the 2,661st of 11,911 in health care & social assistance. In 2024, the employer put in $2.84 for every $1.00 employees contributed themselves; active participation has grown from 180 to 211 since 2022.

Plan summary
Net assets, end of year$31,538,376
Participants with balances267
Active participants211
Employer contributions$1,497,008
Employee contributions$526,519
Employer contribution per active participant$7,095
Average account balance$118,121
Benefits paid to participants$364,988
Plan auditUnmodified (clean) audit opinion
AuditorGOEHNER ACCOUNTANCY
Plan history3
Yearassets · accounts · employer contribution
2024$31.5M · 267 accts · $1.5M emplr
2023$26.4M · 260 accts · $1.4M emplr
2022$21.0M · 250 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,482
Investment management$52,374
Total administrative$56,856
The Merced Faculty Associates Medical Group, Inc. 401(k) match · 2024
Employer contribution per active participant$7,095
Median for plans this size$2,416
2024$7,095 per active participant
2023$7,333 per active participant
2022$6,468 per active participant

Merced Faculty Associates Medical Group, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$52,374
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,507

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$56,856 · 0.20%
2023$47,806 · 0.20%
2022$49,877 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · California

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Source: U.S. Department of Labor, Form 5500 series, EIN 770252214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.