Plan Ledger DOL Form 5500 · updated monthly

Rockford Orthopedic Associates, LTD. dba Orthoillinois401(k)

ORTHOMIDWEST, PLLC 401(K) RETIREMENT PLAN · ROCKFORD, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Rockford Orthopedic Associates, LTD. dba Orthoillinois reported $47,078 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,165 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 fell from 0.05% to 0.03%. 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 352nd-largest of 3,702 plans among Illinois employers on file, and the 665th of 11,911 in health care & social assistance. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$190,449,680
Participants with balances1,799
Active participants1,773
Employer contributions$9,157,484
Employee contributions$8,528,962
Employer contribution per active participant$5,165
Average account balance$105,864
Benefits paid to participants$15,555,680
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$190.4M · 1,799 accts · $9.2M emplr
2023$164.3M · 1,617 accts · $8.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,649
Investment management$20,429
Total administrative$47,078
The Rockford Orthopedic Associates, LTD. dba Orthoillinois 401(k) match · 2024
Employer contribution per active participant$5,165
Median for plans this size$3,635
2024$5,165 per active participant
2023$5,066 per active participant

Rockford Orthopedic Associates, LTD. dba Orthoillinois's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$26,648
NEXT CAPITAL MANAGEMENT LLC · Investment advisory (participants)$12,681
25 LLC · Investment advisory (participants)$6,973

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$47,078 · 0.03%
2023$85,960 · 0.05%
All plans at this employer2
ORTHOILLINOIS PROFIT SHARING/SAFE HARBOR 401(K) PLAN401(k)
ORTHOMIDWEST, PLLC 401(K) RETIREMENT PLAN401(k)
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Freeport Health Network IL$158.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362691111 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.