Plan Ledger DOL Form 5500 · updated monthly

Otolaryngology & Head and Neck Surgery, P.A.401(k)

MIDWEST ENT 401(K) PROFIT SHARING PLAN · WOODBURY, MN · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Otolaryngology & Head and Neck Surgery, P.A. reported $41,396 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $7,148 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 0.08% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 704th-largest of 1,918 plans among Minnesota employers on file, and the 2,807th of 11,911 in health care & social assistance. In 2024, the employer put in $1.22 for every $1.00 employees contributed themselves; active participation has grown from 121 to 151 since 2022.

Plan summary
Net assets, end of year$29,605,276
Participants with balances195
Active participants151
Employer contributions$1,079,389
Employee contributions$887,128
Employer contribution per active participant$7,148
Average account balance$151,822
Benefits paid to participants$2,634,275
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.6M · 195 accts · $1.1M emplr
2023$26.2M · 187 accts · $876K emplr
2022$22.9M · 151 accts · $921K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,944
Investment management$25,492
Total administrative$41,396
The Otolaryngology & Head and Neck Surgery, P.A. 401(k) match · 2024
Employer contribution per active participant$7,148
Median for plans this size$2,416
2024$7,148 per active participant
2023$6,487 per active participant
2022$7,609 per active participant

Otolaryngology & Head and Neck Surgery, P.A.'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 · 20243
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$14,943
PENSIONMARK FINANCIAL GROUP LLC · Investment advisory (plan)$16,538
WORLD INVESTMENT ADVISORS · Investment advisory (plan)$8,954

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$41,396 · 0.15%
2023$25,854 · 0.11%
2022$20,648 · 0.08%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Minnesota Masonic Charities MN$33.0M · 0.39%
Fraser MN$31.2M · 0.47%
Associated Eye Care, LTD. MN$31.0M · 0.02%
Saint Therese MN$29.5M · 0.54%
Mille Lacs Health System MN$29.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410854211 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.