Modern Clinics Inc.401(k)
MODERN CLINICS INC. 401(K) PLAN · MIAMI, FL · plan year 2022
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Modern Clinics Inc. reported $15,056 in plan administrative expenses for 2022: 2.12% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1 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.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (3,283rd of 3,644), and 10,603rd of 11,911 in health care & social assistance. In 2022, employees put in $4508.65 for every $1.00 the employer contributed.
Modern Clinics Inc.'s 2022 employer contribution ran below the $331 median for plans its size, in the bottom 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 842612050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.