Plan Ledger DOL Form 5500 · updated monthly

Northwest Radiology Network, P.C.401(k)

NORTHWEST RADIOLOGY NETWORK, P.C. 401(K) PLAN · INDIANAPOLIS, IN · plan year 2022

Reported admin expense ratio · 2022
0.35%

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

Northwest Radiology Network, P.C. reported $276,181 in plan administrative expenses for 2022: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $15,045 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 1 year on file its reported administrative ratio rose from 0.35% to 0.38%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 219th-largest of 1,562 plans among Indiana employers on file, and the 1,470th of 11,911 in health care & social assistance. In 2022, the employer put in $1.56 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$68,332,216
Participants with balances206
Active participants152
Employer contributions$2,286,835
Employee contributions$1,463,287
Employer contribution per active participant$15,045
Average account balance$331,710
Benefits paid to participants$12,164,060
Plan auditUnmodified (clean) audit opinion
AuditorSOMERSET CPAS, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$67.4M · 219 accts · $1.7M emplr
2022$68.3M · 206 accts · $2.3M emplr
Administrative expenses, itemized · 2022
Investment management$276,181
Total administrative$276,181
The Northwest Radiology Network, P.C. 401(k) match · 2022
Employer contribution per active participant$15,045
Median for plans this size$3,449
2023$14,385 per active participant
2022$15,045 per active participant

Northwest Radiology Network, P.C.'s 2022 employer contribution ran above the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$256,410 · 0.38%
2022$276,181 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Summit Radiology, P.C. IN$72.9M · 0.14%
Elkhart Clinic, LLC IN$67.2M · 0.12%
First Urology P.S.C. IN$63.5M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351158723 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.