Plan Ledger DOL Form 5500 · updated monthly

Montage Medical Group401(k)

MONTAGE MEDICAL GROUP 401(K) PROFIT SHARING PLAN & TRUST · MONTEREY, CA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Montage Medical Group reported $25,220 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $3,513 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 fell from 0.23% to 0.15%. 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 3,802nd-largest of 9,483 plans among California employers on file, and the 3,862nd of 11,911 in health care & social assistance. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 191 to 330 since 2022.

Plan summary
Net assets, end of year$18,756,650
Participants with balances328
Active participants330
Employer contributions$1,159,371
Employee contributions$2,272,470
Employer contribution per active participant$3,513
Average account balance$57,185
Benefits paid to participants$1,311,101
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.8M · 328 accts · $1.2M emplr
2023$13.9M · 239 accts · $830K emplr
2022$9.9M · 167 accts · $819K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,220
Total administrative$25,220
The Montage Medical Group 401(k) match · 2024
Employer contribution per active participant$3,513
Median for plans this size$2,416
2024$3,513 per active participant
2023$2,776 per active participant
2022$4,289 per active participant

Montage Medical Group's 2024 employer contribution ran above 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 · 20241
EMPOER ANNUITY INS. CO. OF AMERICA$25,220

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$25,220 · 0.15%
2023$18,329 · 0.15%
2022$22,676 · 0.23%
Similar plansHealth Care & Social Assistance · California
The Elizabeth Hospice CA$19.1M · 0.57%
Hillsides CA$18.9M · 0.41%
Waymakers CA$18.6M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264826604 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.