Plan Ledger DOL Form 5500 · updated monthly

Muskegon Surgical Associates, P.C.401(k)

MUSKEGON SURGICAL ASSOCIATES, PLC 401(K) RETIREMENT PLAN · MUSKEGON, MI · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Muskegon Surgical Associates, P.C. reported $3,131 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,676 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 0.02% to 0.01%. 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 901st-largest of 2,619 plans among Michigan employers on file, and the 3,211th of 11,911 in health care & social assistance. In 2024, the employer put in $1.35 for every $1.00 employees contributed themselves; active participation has grown from 113 to 129 since 2022.

Plan summary
Net assets, end of year$24,389,743
Participants with balances170
Active participants129
Employer contributions$990,260
Employee contributions$732,818
Employer contribution per active participant$7,676
Average account balance$143,469
Benefits paid to participants$4,048,874
Plan auditUnmodified (clean) audit opinion
AuditorNOVOTNY CPA GROUP PLC
Plan history3
Yearassets · accounts · employer contribution
2024$24.4M · 170 accts · $990K emplr
2023$21.6M · 160 accts · $1.0M emplr
2022$18.6M · 155 accts · $930K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,131
Total administrative$3,131
The Muskegon Surgical Associates, P.C. 401(k) match · 2024
Employer contribution per active participant$7,676
Median for plans this size$2,416
2024$7,676 per active participant
2023$8,801 per active participant
2022$8,233 per active participant

Muskegon Surgical Associates, 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$3,131

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$3,131 · 0.01%
2023$3,070 · 0.02%
2022$4,320 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Eversight MI$26.2M · 0.20%
Metropolitan Enterprises MI$23.3M · 0.16%
Nexcare Health Systems, LLC MI$22.8M · 0.57%
Marlette Regional Hospital MI$22.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381973203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.