Plan Ledger DOL Form 5500 · updated monthly

Orthopedic Institute401(k)

ORTHOPEDIC INSTITUTE PROFIT SHARING AND RETIREMENT SAVINGS PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Orthopedic Institute reported $179,604 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,465 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 3 years on file its reported administrative ratio has held roughly steady near 0.254%. 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 24th-largest of 233 plans among South Dakota employers on file, and the 1,384th of 11,911 in health care & social assistance. In 2024, the employer put in $1.35 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$73,963,391
Participants with balances331
Active participants240
Employer contributions$1,791,717
Employee contributions$1,328,741
Employer contribution per active participant$7,465
Average account balance$223,454
Benefits paid to participants$6,041,138
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$74.0M · 331 accts · $1.8M emplr
2023$67.7M · 317 accts · $1.8M emplr
2022$60.9M · 329 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,033
Investment management$78,932
Trustee / custodial$41,639
Total administrative$179,604
The Orthopedic Institute 401(k) match · 2024
Employer contribution per active participant$7,465
Median for plans this size$3,635
2024$7,465 per active participant
2023$7,783 per active participant
2022$7,243 per active participant

Orthopedic Institute'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 · 20243
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$59,032
MORGAN STANLEY GLOBAL BANKING OPS · Investment advisory (plan)$78,932
NEWPORT TRUST COMPANY · Trustee$41,639

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)

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

Administrative cost history3
2024$179,604 · 0.25%
2023$156,831 · 0.24%
2022$166,350 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · South Dakota
Yankton Medical Clinic P.C. SD$107.2M · 0.16%
Cnos, PC SD$86.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460316404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.