Plan Ledger DOL Form 5500 · updated monthly

Riverside Medical Clinic, Inc.401(k)

RIVERSIDE MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN · RIVERSIDE, CA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Riverside Medical Clinic, Inc. reported $798,375 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~90% of peers. Employer contributions averaged $12,029 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 0.38% to 0.61%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 780th-largest of 9,483 plans among California employers on file, and the 850th of 11,911 in health care & social assistance. In 2024, employees put in $1.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$135,327,706
Participants with balances469
Active participants198
Employer contributions$2,381,814
Employee contributions$3,211,505
Employer contribution per active participant$12,029
Average account balance$288,545
Benefits paid to participants$15,480,334
Plan auditUnmodified (clean) audit opinion
AuditorHALLADAY & COMPANY CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$135.3M · 469 accts · $2.4M emplr
2023$127.8M · 540 accts · $2.8M emplr
2022$111.3M · 587 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$723,579
Investment management$74,197
Total administrative$798,375
The Riverside Medical Clinic, Inc. 401(k) match · 2024
Employer contribution per active participant$12,029
Median for plans this size$3,635
2024$12,029 per active participant
2023$13,262 per active participant
2022$13,636 per active participant

Riverside Medical Clinic, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$722,954
NFP RETIREMENT INC. · Investment advisory (plan)$74,197

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$798,375 · 0.61%
2023$796,241 · 0.67%
2022$521,780 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · California
Telecare Corporation CA$142.8M · 0.07%
Irhythm Technologies CA$133.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330587303 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.