Plan Ledger DOL Form 5500 · updated monthly

North East Medical Services401(k)

NORTH EAST MEDICAL SERVICES PROFIT SHARING 401(K) PLAN · DALY CITY, CA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

North East Medical Services reported $207,771 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $8,049 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 0.25% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 622nd-largest of 9,483 plans among California employers on file, and the 705th of 11,911 in health care & social assistance. In 2024, the employer put in $1.08 for every $1.00 employees contributed themselves; active participation has grown from 921 to 1,096 since 2022.

Plan summary
Net assets, end of year$174,979,442
Participants with balances1,467
Active participants1,096
Employer contributions$8,821,658
Employee contributions$8,191,894
Employer contribution per active participant$8,049
Average account balance$119,277
Benefits paid to participants$5,866,778
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$175.0M · 1,467 accts · $8.8M emplr
2023$144.0M · 1,327 accts · $7.5M emplr
2022$111.0M · 1,373 accts · $5.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$207,771
Total administrative$207,771
The North East Medical Services 401(k) match · 2024
Employer contribution per active participant$8,049
Median for plans this size$3,635
2024$8,049 per active participant
2023$7,407 per active participant
2022$5,910 per active participant

North East Medical Services's 2024 employer contribution ran above the $3,635 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 · 20242
NEWPORT GROUP / NEWPORT TRUST CO. · Recordkeeping · Trustee$138,446
PENSION BENEFIT CONSULTANTS · Recordkeeping · Pension consulting$69,450

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

Recordkeeper by year2
2024Newport (Ascensus), PENSION BENEFIT CONSULTANTS
2023Newport (Ascensus), PENSION BENEFIT CONSULTANTS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$207,771 · 0.13%
2023$248,496 · 0.19%
2022$300,264 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · California
Guardant Health, Inc. CA$193.0M · 0.04%
Henry Mayo Newhall Hospital CA$178.4M · 0.17%
Redlands Community Hospital CA$173.8M · 0.04%
Memorialcare Medical Group CA$163.5M · 0.14%
Marshall Medical Center CA$160.7M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941722562 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.