Plan Ledger DOL Form 5500 · updated monthly

Midwest Medical Records Association, Inc.401(k)

MIDWEST MEDICAL RECORDS ASSOCIATION, INC. 401(K) RETIREMENT PLAN · SCHAUMBURG, IL · plan year 2022

Reported admin expense ratio · 2022
0.55%

Midwest Medical Records Association, Inc. reported $21,346 in plan administrative expenses for 2022: 0.55% of average plan assets, above the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Illinois (3,165th of 3,702), and 1,666th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$3,463,875
Participants with balances57
Active participants170
Employer contributions—
Employee contributions$176,561
Employer contribution per active participant—
Average account balance$60,770
Benefits paid to participants$337,684
Plan auditUnmodified (clean) audit opinion
AuditorOSTROW, REISIN, BERK & ABRAMS, LTD
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$21,346
Total administrative$21,346
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$21,346 · 0.55%
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Up Management, LLC IL$3.4M · 1.01%
Hcmc Legal, Inc. IL$3.0M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364125082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.