Plan Ledger DOL Form 5500 · updated monthly

Mindoula Health Inc401(k)

MINDOULA HEALTH INC 401(K) PROFIT SHARING PLAN & TRUST · SILVER SPRING, MD · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Mindoula Health Inc reported $18,535 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $1,140 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 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,344th of 1,671), and 8,433rd of 11,911 in health care & social assistance. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 217 to 361 since 2022.

Plan summary
Net assets, end of year$4,173,773
Participants with balances266
Active participants361
Employer contributions$411,639
Employee contributions$766,772
Employer contribution per active participant$1,140
Average account balance$15,691
Benefits paid to participants$616,451
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 266 accts · $412K emplr
2023$3.1M · 237 accts · $333K emplr
2022$2.0M · 169 accts · $131K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,406
Investment management$269
Trustee / custodial$860
Total administrative$18,535
The Mindoula Health Inc 401(k) match · 2024
Employer contribution per active participant$1,140
Median for plans this size$1,313
2024$1,140 per active participant
2023$1,027 per active participant
2022$605 per active participant

Mindoula Health Inc's 2024 employer contribution ran below the $1,313 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 · 20241
PAYCHEX, INC. · Recordkeeping$17,530

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history3
2024$18,535 · 0.51%
2023$13,347 · 0.53%
2022$7,148 · 0.45%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Precision Orthopedics MD$4.2M · 0.04%
Homecare Maryland, LLC MD$4.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463134477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.