Plan Ledger DOL Form 5500 · updated monthly

Providence Medical Group, Inc.401(k)

PROVIDENCE MEDICAL GROUP, INC. RETIREMENT PLAN · DAYTON, OH · plan year 2022

Reported admin expense ratio · 2022
0.40%

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

Providence Medical Group, Inc. reported $72,576 in plan administrative expenses for 2022: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,145 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 3 years on file its reported administrative ratio has held roughly steady near 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,542nd-largest of 3,295 plans among Ohio employers on file, and the 4,302nd of 11,911 in health care & social assistance. In 2022, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,012,663
Participants with balances209
Active participants123
Employer contributions$263,893
Employee contributions$508,170
Employer contribution per active participant$2,145
Average account balance$76,616
Benefits paid to participants$2,460,974
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 162 accts · $220K emplr
2023$15.9M · 175 accts · $257K emplr
2022$16.0M · 209 accts · $264K emplr
Administrative expenses, itemized · 2022
Professional / advisory$72,576
Total administrative$72,576
The Providence Medical Group, Inc. 401(k) match · 2022
Employer contribution per active participant$2,145
Median for plans this size$2,266
2024$2,342 per active participant
2023$2,089 per active participant
2022$2,145 per active participant

Providence Medical Group, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$61,622 · 0.39%
2023$61,270 · 0.38%
2022$72,576 · 0.40%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Community First Solutions OH$16.9M · 0.64%
Chs Therapy, LLC OH$16.3M · 0.70%
Eci, Inc. OH$16.2M · 0.00%
Area Agency on Aging, PSA2 OH$16.0M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421534506 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.