Michigan Medical Advantage, Inc.401(k)
MICHIGAN MEDICAL ADVANTAGE, INC. 401(K) PROFIT SHARING PLAN · NOVI, MI · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Michigan Medical Advantage, Inc. reported $59,387 in plan administrative expenses for 2023: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,865 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 1 year on file its reported administrative ratio fell from 0.63% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (1,401st of 2,619), and 7,361st of 11,654 in professional & technical services. In 2023, employees put in $1.37 for every $1.00 the employer contributed.
Michigan Medical Advantage, Inc.'s 2023 employer contribution ran above the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 383316792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.