Plan Ledger DOL Form 5500 · updated monthly

Mountain Medical Physician Specialists, P.C.401(k)

MMPS RETIREMENT PLAN · MURRAY, UT · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Mountain Medical Physician Specialists, P.C. reported $31,900 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $14,306 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 0.24% to 0.17%. 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 311th-largest of 848 plans among Utah employers on file, and the 3,788th of 11,911 in health care & social assistance. In 2024, the employer put in $1.70 for every $1.00 employees contributed themselves; active participation has shrunk from 74 to 61 since 2022.

Plan summary
Net assets, end of year$19,315,334
Participants with balances105
Active participants61
Employer contributions$872,690
Employee contributions$514,157
Employer contribution per active participant$14,306
Average account balance$183,956
Benefits paid to participants$2,315,867
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.3M · 105 accts · $873K emplr
2023$17.9M · 117 accts · $978K emplr
2022$17.8M · 131 accts · $974K emplr
Administrative expenses, itemized · 2024
Trustee / custodial$31,900
Total administrative$31,900
The Mountain Medical Physician Specialists, P.C. 401(k) match · 2024
Employer contribution per active participant$14,306
Median for plans this size$2,416
2024$14,306 per active participant
2023$13,978 per active participant
2022$13,156 per active participant

Mountain Medical Physician Specialists, P.C.'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 · 20243
STRATOS WEALTH PARTNERS, LTD · Investment advisory (plan)$22,910
EMPOWER ADVISORY GROUP, LLC · Investment management$768

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$31,900 · 0.17%
2023$32,641 · 0.18%
2022$50,621 · 0.24%
Similar plansHealth Care & Social Assistance · Utah
Nomi Health Inc. UT$22.4M · 0.60%
Premier Family Medical, LLC UT$18.2M · 0.26%
Donorconnect UT$15.0M · 0.48%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 870565773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.