Plan Ledger DOL Form 5500 · updated monthly

Red Oaks Medical Group401(k)

RED OAKS MEDICAL GROUP 401K PROFIT SHARING PLAN · RED BLUFF, CA · plan year 2023

Reported admin expense ratio · 2023
0.91%

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

Red Oaks Medical Group reported $101,880 in plan administrative expenses for 2023: 0.91% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,025 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 0.84% to 0.91%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (5,017th of 9,483), and the 5,214th of 11,911 in health care & social assistance. In 2023, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,776,707
Participants with balances199
Active participants108
Employer contributions$326,656
Employee contributions$645,095
Employer contribution per active participant$3,025
Average account balance$59,179
Benefits paid to participants$1,494,918
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $314K emplr
2023$11.8M · 199 accts · $327K emplr
2022$10.7M · 195 accts · $282K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$101,880
Total administrative$101,880
The Red Oaks Medical Group 401(k) match · 2023
Employer contribution per active participant$3,025
Median for plans this size$2,440
2023$3,025 per active participant
2022$2,450 per active participant

Red Oaks Medical Group's 2023 employer contribution ran above the $2,440 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
TRANSAMERICA FINANCIAL LIFE CO · Recordkeeping · Loan processing$77,310
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$24,570

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history3
2024Not separately reported
2023$101,880 · 0.91%
2022$95,239 · 0.84%
Same employer
Similar plansHealth Care & Social Assistance · California
Baychildren's Physicians CA$11.9M · 0.38%
Axis Community Health, Inc. CA$11.9M · 0.50%
Westmont Living, Inc. CA$11.7M · 1.54%
Lifemoves CA$11.7M · 0.21%
Camino Health Center CA$11.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941750150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.