Plan Ledger DOL Form 5500 · updated monthly

Michigan Surgery Specialists, P.C.401(k)

MICHIGAN SURGERY SPECIALISTS, P.C. 401(K) PLAN AND TRUST · WARREN, MI · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Michigan Surgery Specialists, P.C. reported $53,587 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,974 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 0.31% to 0.47%. 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 among the smaller plans on file in Michigan (1,375th of 2,619), and the 5,032nd of 11,911 in health care & social assistance. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 146 to 192 since 2022.

Plan summary
Net assets, end of year$12,467,306
Participants with balances206
Active participants192
Employer contributions$379,060
Employee contributions$816,751
Employer contribution per active participant$1,974
Average account balance$60,521
Benefits paid to participants$649,913
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 206 accts · $379K emplr
2023$10.2M · 161 accts · $256K emplr
2022$10.1M · 191 accts · $260K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,708
Investment management$17,879
Total administrative$53,587
The Michigan Surgery Specialists, P.C. 401(k) match · 2024
Employer contribution per active participant$1,974
Median for plans this size$2,416
2024$1,974 per active participant
2023$1,569 per active participant
2022$1,780 per active participant

Michigan Surgery Specialists, P.C.'s 2024 employer contribution ran below 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 · 20245
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$12,012
KESTRA INVESTMENT SERVICES LLC · Insurance broker · Insurance services$20,432
BARCLAY PLANNING GROUP · Contract administrator$7,887
EMPOWER ADVISORY GROUP · Investment management$707

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$53,587 · 0.47%
2023$36,961 · 0.36%
2022$35,244 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Michigan Masonic Home MI$12.9M · 0.30%
Southwest Solutions MI$12.5M · 0.34%
S L Husain Hamzavi MD PC MI$12.5M · 0.50%
Regional Medical Imaging PC MI$12.1M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381958736 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.