Plan Ledger DOL Form 5500 · updated monthly

Midamerica Orthopaedics S.C.401(k)

MIDAMERICA ORTHOPAEDICS, S.C. PROFIT SHARING 401(K) PLAN · MOKENA, IL · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Midamerica Orthopaedics S.C. reported $59,765 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,711 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 0.45% to 0.48%. 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 Illinois (2,121st of 3,702), and the 4,846th of 11,911 in health care & social assistance. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has grown from 111 to 125 since 2022.

Plan summary
Net assets, end of year$13,317,378
Participants with balances174
Active participants125
Employer contributions$338,880
Employee contributions$526,935
Employer contribution per active participant$2,711
Average account balance$76,537
Benefits paid to participants$544,697
Plan auditDisclaimer of opinion
AuditorEIFEL RAMBO ADVISORY GROUP, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 174 accts · $339K emplr
2023$11.5M · 168 accts · $316K emplr
2022$9.5M · 168 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,765
Total administrative$59,765
The Midamerica Orthopaedics S.C. 401(k) match · 2024
Employer contribution per active participant$2,711
Median for plans this size$2,416
2024$2,711 per active participant
2023$2,656 per active participant
2022$2,577 per active participant

Midamerica Orthopaedics S.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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$59,764
LPL FINANCIAL LLC · Other servicesindirect comp
THE PENSION SPECIALISTS, LTD · Other servicesindirect comp

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$59,765 · 0.48%
2023$48,882 · 0.47%
2022$44,773 · 0.45%
Similar plansHealth Care & Social Assistance · Illinois
Tapestry 360 Health IL$13.0M · 0.03%
Kaskaskia Workshop, Inc. IL$12.5M · 0.50%
Lancaster LTD IL$12.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263727319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.