Plan Ledger DOL Form 5500 · updated monthly

Millennium Physicians Association, PLLC401(k)

MILLENNIUM PHYSICIANS ASSOCIATION, PLLC 401(K) PLAN · THE WOODLANDS, TX · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Millennium Physicians Association, PLLC reported $108,461 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,997 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 0.662%. 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 the 2,238th-largest of 5,688 plans among Texas employers on file, and the 4,120th of 11,911 in health care & social assistance. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 291 to 379 since 2022.

Plan summary
Net assets, end of year$17,064,952
Participants with balances258
Active participants379
Employer contributions$756,904
Employee contributions$1,502,468
Employer contribution per active participant$1,997
Average account balance$66,143
Benefits paid to participants$2,915,062
Plan auditUnmodified (clean) audit opinion
AuditorRILEY & COMPANY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 258 accts · $757K emplr
2023$15.7M · 244 accts · $715K emplr
2022$12.0M · 247 accts · $833K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,575
Total administrative$108,461
The Millennium Physicians Association, PLLC 401(k) match · 2024
Employer contribution per active participant$1,997
Median for plans this size$2,416
2024$1,997 per active participant
2023$2,180 per active participant
2022$2,862 per active participant

Millennium Physicians Association, PLLC'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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$32,745
EMPOWER ADVISOR GROUP · Investment management$15,628
ASCENSUS HOLDINGS INC DBA · Contract administrator$9,225

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$108,461 · 0.66%
2023$90,055 · 0.65%
2022$79,376 · 0.66%
Similar plansHealth Care & Social Assistance · Texas
West Texas Health, PLLC TX$17.4M · 0.25%
Hospice Austin TX$17.2M · 0.24%
Child Care Associates TX$17.0M · 0.05%
Rio Grande Urology, P.A. TX$16.7M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 760528826 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.