Plan Ledger DOL Form 5500 · updated monthly

Pinnacle Medical Group, Inc.401(k)

PINNACLE MEDICAL GROUP, INC. 401(K) PLAN · MINNETONKA, MN · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Pinnacle Medical Group, Inc. reported $36,912 in plan administrative expenses for 2023: 0.44% of average plan assets, below the peer median. Employer contributions averaged $1,775 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 fell from 0.51% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,350th of 1,918), and 6,049th of 11,911 in health care & social assistance. In 2023, employees put in $1.14 for every $1.00 the employer contributed; active participation has shrunk from 170 to 148 since 2022.

Plan summary
Net assets, end of year$9,030,993
Participants with balances201
Active participants148
Employer contributions$262,728
Employee contributions$299,970
Employer contribution per active participant$1,775
Average account balance$44,930
Benefits paid to participants$297,760
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$9.0M · 201 accts · $263K emplr
2022$7.8M · 149 accts · $330K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$36,578
Investment management$334
Total administrative$36,912
The Pinnacle Medical Group, Inc. 401(k) match · 2023
Employer contribution per active participant$1,775
Median for plans this size$1,308
2023$1,775 per active participant
2022$1,941 per active participant

Pinnacle Medical Group, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$36,577
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$334

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

Administrative cost history3
2024Not separately reported
2023$36,912 · 0.44%
2022$43,845 · 0.51%
Similar plansHealth Care & Social Assistance · Minnesota
Catholic Eldercare, Inc. MN$9.3M · 0.59%
Cps Puerto Rico, Inc. MN$9.3M · 0.52%
Tubman MN$8.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330795271 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.