Plan Ledger DOL Form 5500 · updated monthly

Redwood Dental Group401(k)

REDWOOD DENTAL GROUP 401(K) PROFIT SHARING PLAN AND TRUST · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Redwood Dental Group reported $81,056 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $478 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 0.30% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 819th-largest of 2,619 plans among Michigan employers on file, and the 2,898th of 11,911 in health care & social assistance. In 2024, employees put in $8.81 for every $1.00 the employer contributed; active participation has grown from 987 to 1,235 since 2022.

Plan summary
Net assets, end of year$28,387,340
Participants with balances1,573
Active participants1,235
Employer contributions$590,944
Employee contributions$5,203,500
Employer contribution per active participant$478
Average account balance$18,047
Benefits paid to participants$1,880,413
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 1,573 accts · $591K emplr
2023$20.2M · 1,232 accts · $448K emplr
2022$12.9M · 826 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,737
Investment management$49,319
Total administrative$81,056
The Redwood Dental Group 401(k) match · 2024
Employer contribution per active participant$478
Median for plans this size$2,416
2024$478 per active participant
2023$413 per active participant

Redwood Dental Group's 2024 employer contribution ran below the $2,416 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$81,054

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$81,056 · 0.33%
2023$52,378 · 0.32%
2022$36,960 · 0.30%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Grace Health MI$30.8M · 0.19%
Compass Healthcare PLC MI$30.5M · 0.19%
The Hurley Clinic MI$29.1M · 0.01%
Mendelson Orthopedics, P.C. MI$27.4M · 0.16%
Eversight MI$26.2M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386173161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.