Plan Ledger DOL Form 5500 · updated monthly

New World Medical401(k)

NEW WORLD MEDICAL 401(K) PLAN · RANCHO CUCAMONGA, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

New World Medical reported $13,902 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,164 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 0.20% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 3,593rd-largest of 9,483 plans among California employers on file, and the 5,487th of 11,654 in professional & technical services. In 2024, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,320,687
Participants with balances239
Active participants198
Employer contributions$1,220,513
Employee contributions$1,957,228
Employer contribution per active participant$6,164
Average account balance$85,024
Benefits paid to participants$1,693,811
Plan auditUnmodified (clean) audit opinion
AuditorMACIAS GINI & O'CONNELL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.3M · 239 accts · $1.2M emplr
2023$15.9M · 228 accts · $2.1M emplr
2022$9.2M · 181 accts · $96K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,983
Total administrative$13,902
The New World Medical 401(k) match · 2024
Employer contribution per active participant$6,164
Median for plans this size$2,416
2024$6,164 per active participant
2023$11,891 per active participant
2022$482 per active participant

New World Medical'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
JOHN HANCOCK USA · Recordkeeping$5,983

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$13,902 · 0.08%
2023$4,159 · 0.03%
2022$18,064 · 0.20%
Same employer
Similar plansProfessional & Technical Services · California
Moebius Solutions, Inc. CA$20.4M · 0.43%
Science 37, Inc. CA$20.4M · 0.57%
Redis Labs Inc. CA$20.4M · 0.45%
Canus Corporation CA$20.3M · 0.47%
Tusimple CA$20.2M · 0.44%
Incloud LLC CA$20.2M · 0.04%
Cydcor LLC CA$20.2M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330456051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.