Plan Ledger DOL Form 5500 · updated monthly

Orthopaedic Associates of Michigan401(k)

ORTHOPAEDIC ASSOCIATES OF MICHIGAN PROFIT SHARING AND SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Orthopaedic Associates of Michigan reported $176,093 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $6,253 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 rose from 0.15% to 0.19%. 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 308th-largest of 2,619 plans among Michigan employers on file, and the 1,142nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$94,971,396
Participants with balances626
Active participants399
Employer contributions$2,494,902
Employee contributions$2,430,712
Employer contribution per active participant$6,253
Average account balance$151,711
Benefits paid to participants$11,868,927
Plan auditUnmodified (clean) audit opinion
AuditorDOLINKA, VANNOORD AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$95.0M · 626 accts · $2.5M emplr
2023$90.4M · 613 accts · $2.4M emplr
2022$81.4M · 640 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,921
Investment management$89,719
Trustee / custodial$28,453
Total administrative$176,093
The Orthopaedic Associates of Michigan 401(k) match · 2024
Employer contribution per active participant$6,253
Median for plans this size$3,635
2024$6,253 per active participant
2023$5,964 per active participant
2022$5,792 per active participant

Orthopaedic Associates of Michigan's 2024 employer contribution ran above the $3,635 median for plans its size. 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
NEWPORT GROUP, INC. · Recordkeeping$57,921
MERRILL LYNCH · Investment advisory (participants) · Investment advisory (plan)$89,719
NEWPORT TRUST COMPANY · Trustee$28,453

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)
2023Newport (Ascensus)

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Administrative cost history3
2024$176,093 · 0.19%
2023$151,764 · 0.18%
2022$134,144 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
University Pediatricians MI$112.8M · 0.17%
University Physician Group MI$102.3M · 0.11%
Adg, LLC MI$98.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381971253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.