Plan Ledger DOL Form 5500 · updated monthly

Pinnacle Medical Group, Inc.401(k)

PINNACLE MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN · SALINAS, CA · plan year 2023

Reported admin expense ratio · 2023
1.31%

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

Pinnacle Medical Group, Inc. reported $41,111 in plan administrative expenses for 2023: 1.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $510 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 1.14% to 1.31%. 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 California (7,669th of 9,483), and 8,995th of 11,911 in health care & social assistance. In 2023, employees put in $8.72 for every $1.00 the employer contributed; active participation has shrunk from 104 to 76 since 2022.

Plan summary
Net assets, end of year$3,367,224
Participants with balances131
Active participants76
Employer contributions$38,727
Employee contributions$337,820
Employer contribution per active participant$510
Average account balance$25,704
Benefits paid to participants$292,400
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$3.4M · 131 accts · $39K emplr
2022$2.9M · 156 accts · $44K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,392
Investment management$24,719
Total administrative$41,111
The Pinnacle Medical Group, Inc. 401(k) match · 2023
Employer contribution per active participant$510
Median for plans this size$1,308
2023$510 per active participant
2022$426 per active participant

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

Service providers · 20232
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$16,391
COMPOUND VALUE ADVISERS · Investment management$24,719

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
2024Not separately reported
2023$41,111 · 1.31%
2022$34,506 · 1.14%
Similar plansHealth Care & Social Assistance · California
Mindstrong, Inc. CA$3.4M · 0.08%
Castro Valley Health Inc CA$3.4M · 1.36%
Telehealth Services USA CA$3.4M · 0.69%
Center Point Inc. CA$3.3M · 1.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 770508373 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.