Plan Ledger DOL Form 5500 · updated monthly

Meritage Medical Network401(k)

MERITAGE MEDICAL NETWORK 401(K) PROFIT SHARING PLAN AND TRUST · PETALUMA, CA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Meritage Medical Network reported $33,453 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $5,181 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 3 years on file its reported administrative ratio has held roughly steady near 0.258%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 4,709th-largest of 9,483 plans among California employers on file, and 3,667th of 4,798 in finance & insurance. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has shrunk from 157 to 83 since 2022.

Plan summary
Net assets, end of year$13,245,422
Participants with balances146
Active participants83
Employer contributions$430,012
Employee contributions$776,122
Employer contribution per active participant$5,181
Average account balance$90,722
Benefits paid to participants$2,588,740
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 146 accts · $430K emplr
2023$12.6M · 171 accts · $662K emplr
2022$9.6M · 181 accts · $561K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,402
Investment management$31,051
Total administrative$33,453
The Meritage Medical Network 401(k) match · 2024
Employer contribution per active participant$5,181
Median for plans this size$2,416
2024$5,181 per active participant
2023$5,338 per active participant
2022$3,574 per active participant

Meritage Medical Network'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
WORLD INVESTMENT ADVISORS LLC · Investment advisory (plan)$31,051
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,402

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$33,453 · 0.26%
2023$28,776 · 0.26%
2022$24,624 · 0.26%
Same employer
Similar plansFinance & Insurance · California
Amwest Funding Corp. CA$13.9M · 0.22%
US Metro Bank CA$13.8M · 0.26%
Aperture Group, LLC CA$13.7M · 0.27%
Provident Title Company CA$13.7M · 0.49%
Nitrogen Wealth, Inc. CA$12.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942786503 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.