Plan Ledger DOL Form 5500 · updated monthly

Midwest Gastrointestinal Assoc., PC401(k)

MIDWEST GASTROINTESTINAL ASSOCIATES, P. C. 401(K) SAFE HARBOR PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Midwest Gastrointestinal Assoc., PC reported $145,068 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,284 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 0.33% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 104th-largest of 565 plans among Nebraska employers on file, and the 1,517th of 11,911 in health care & social assistance. In 2024, the employer put in $1.59 for every $1.00 employees contributed themselves; active participation has shrunk from 272 to 235 since 2022.

Plan summary
Net assets, end of year$64,872,933
Participants with balances260
Active participants235
Employer contributions$2,181,773
Employee contributions$1,373,523
Employer contribution per active participant$9,284
Average account balance$249,511
Benefits paid to participants$1,073,353
Plan auditUnmodified (clean) audit opinion
AuditorBLAND & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$64.9M · 260 accts · $2.2M emplr
2023$55.6M · 268 accts · $2.1M emplr
2022$47.1M · 254 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Investment management$139,818
Total administrative$145,068
The Midwest Gastrointestinal Assoc., PC 401(k) match · 2024
Employer contribution per active participant$9,284
Median for plans this size$3,635
2024$9,284 per active participant
2023$8,875 per active participant
2022$6,925 per active participant

Midwest Gastrointestinal Assoc., PC's 2024 employer contribution ran above the $3,635 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 · 20243
AMERICAN UNITED LIFE INSURANCE CO · Loan processing · Participant communication$4,284
BENEFIT PLANS, INC. · Contract administrator$5,250
WELLS FARGO CLEARING SRVS · Consultingindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$145,068 · 0.24%
2023$130,110 · 0.25%
2022$166,385 · 0.33%
Similar plansHealth Care & Social Assistance · Nebraska
Vetter Senior Living NE$86.1M · 0.00%
Mdwest One, P.C. NE$67.1M · 0.22%
Immanuel NE$53.4M · 0.34%
Orthowest, P.C. NE$51.9M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470772952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.