Plan Ledger DOL Form 5500 · updated monthly

Prospect Medical Holdings, Inc.401(k)

PROSPECT MEDICAL RETIREMENT SAVINGS PLAN A · CULVER CITY, CA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Prospect Medical Holdings, Inc. reported $1,412,457 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $301 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 0.24% to 0.26%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 239th-largest of 9,483 plans among California employers on file, and the 307th of 11,911 in health care & social assistance. In 2024, employees put in $16.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$551,582,728
Participants with balances11,542
Active participants10,198
Employer contributions$3,069,891
Employee contributions$50,043,479
Employer contribution per active participant$301
Average account balance$47,789
Benefits paid to participants$72,690,817
Plan history2
Yearassets · accounts · employer contribution
2024$551.6M · 11,542 accts · $3.1M emplr
2023$514.5M · 12,315 accts · $10.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,105,233
Investment management$231,728
Audit (IQPA)$28,800
Total administrative$1,412,457
The Prospect Medical Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$301
Median for plans this size$4,294
2024$301 per active participant
2023$943 per active participant

Prospect Medical Holdings, Inc.'s 2024 employer contribution ran below the $4,294 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$1,105,233
MORGAN STANLEY · Other services$161,547
BDO · Other services$81,680
GROOM LAW GROUP, CHARTERED · Legal$46,750
RSM US LLP · Accounting / auditindirect comp

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

Administrative cost history2
2024$1,412,457 · 0.26%
2023$1,158,943 · 0.24%
All plans at this employer2
PROSPECT MEDICAL RETIREMENT SAVINGS PLAN A401(k)
PROSPECT MEDICAL RETIREMENT SAVINGS PLAN B401(k)
Same employer
Similar plansHealth Care & Social Assistance · California
Huntington Memorial Hospital CA$619.7M · 0.12%
Valley Children's Hospital CA$611.8M · 0.11%
Radnet, Inc. CA$436.6M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330564370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.