Plan Ledger DOL Form 5500 · updated monthly

Midwest Orthopaedic Consultants, Sc401(k)

MIDWEST ORTHOPAEDIC CONSULTANTS, S. C. PROFIT SHARING 401(K) PLAN · ORLAND PARK, IL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Midwest Orthopaedic Consultants, Sc reported $82,887 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,727 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 3 years on file its reported administrative ratio has held roughly steady near 0.64%. 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 (2,077th of 3,702), and the 4,704th of 11,911 in health care & social assistance. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$13,941,090
Participants with balances117
Active participants77
Employer contributions$517,956
Employee contributions$440,699
Employer contribution per active participant$6,727
Average account balance$119,155
Benefits paid to participants$425,545
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 117 accts · $518K emplr
2023$12.1M · 117 accts · $451K emplr
2022$10.3M · 114 accts · $445K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,915
Investment management$49,972
Total administrative$82,887
The Midwest Orthopaedic Consultants, Sc 401(k) match · 2024
Employer contribution per active participant$6,727
Median for plans this size$2,416
2024$6,727 per active participant
2023$5,572 per active participant
2022$5,236 per active participant

Midwest Orthopaedic Consultants, Sc's 2024 employer contribution ran above the $2,416 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 · 20242
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Pension consulting$32,915
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$49,972

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

Recordkeeper by year2
2024CPI QUALIFIED PLAN CONSULTANTS, INC
2023CPI QUALIFIED PLAN CONSULTANTS, INC

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

Administrative cost history3
2024$82,887 · 0.64%
2023$72,951 · 0.65%
2022$67,057 · 0.61%
Similar plansHealth Care & Social Assistance · Illinois
Derick Dermatology, PLLC IL$14.1M · 0.38%
Aperion Care, Inc. IL$13.8M · 1.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364005696 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.