Plan Ledger DOL Form 5500 · updated monthly

Premier Medical Resources, LLC401(k)

PREMIER MEDICAL RESOURCES, LLC 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
1.88%

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

Premier Medical Resources, LLC reported $59,969 in plan administrative expenses for 2024: 1.88% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,395 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 0.73% to 1.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Texas (4,248th of 5,688), and 10,091st of 11,654 in professional & technical services. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 287 to 440 since 2022.

Plan summary
Net assets, end of year$4,195,371
Participants with balances468
Active participants440
Employer contributions$613,881
Employee contributions$1,190,972
Employer contribution per active participant$1,395
Average account balance$8,964
Benefits paid to participants$261,488
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 468 accts · $614K emplr
2023$2.2M · 357 accts · $355K emplr
2022$830K · 223 accts · $184K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,969
Total administrative$59,969
The Premier Medical Resources, LLC 401(k) match · 2024
Employer contribution per active participant$1,395
Median for plans this size$1,313
2024$1,395 per active participant
2023$885 per active participant
2022$640 per active participant

Premier Medical Resources, LLC's 2024 employer contribution ran above the $1,313 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 · 20244
THE RETIREMENT ADVANTAGE INC · Contract administrator$13,087
AXA ADVISORS LLC · Investment advisory (plan)$6,562
LEAFHOUSE FINANCIAL ADVISORS, LLC$1,867

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

Administrative cost history3
2024$59,969 · 1.88%
2023$25,789 · 1.71%
2022$6,066 · 0.73%
Same employer
Similar plansProfessional & Technical Services · Texas
Wegman Capital LLC TX$4.5M · 0.67%
Mythic Inc TX$4.5M · 0.05%
Mmc Group, L.P. TX$4.4M · 1.10%
Acumera, Inc. TX$4.1M · 0.82%
Ideal Impact, Inc. TX$4.1M · 0.05%
Highlevel Inc. TX$4.1M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824466632 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.