Plan Ledger DOL Form 5500 · updated monthly

S L Husain Hamzavi MD PC401(k)

S L HUSAIN HAMZAVI MD PC PROFIT SHARING PLAN · CLINTON TOWNSHIP, MI · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

S L Husain Hamzavi MD PC reported $56,115 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,297 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 0.10% to 0.50%. 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 among the smaller plans on file in Michigan (1,376th of 2,619), and the 5,036th of 11,911 in health care & social assistance. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 142 to 185 since 2022.

Plan summary
Net assets, end of year$12,456,940
Participants with balances174
Active participants185
Employer contributions$425,007
Employee contributions$846,475
Employer contribution per active participant$2,297
Average account balance$71,592
Benefits paid to participants$222,813
Plan auditUnmodified (clean) audit opinion
AuditorRINGO & ASSOCIATES PC CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 174 accts · $425K emplr
2023$9.9M · 213 accts · $371K emplr
2022$7.7M · 186 accts · $304K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,115
Total administrative$56,115
The S L Husain Hamzavi MD PC 401(k) match · 2024
Employer contribution per active participant$2,297
Median for plans this size$2,416
2024$2,297 per active participant
2023$2,307 per active participant
2022$2,144 per active participant

S L Husain Hamzavi MD PC's 2024 employer contribution ran below the $2,416 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
RAYMOND JAMES · Recordkeeping · Trustee$11,810
ADP, INC. · Loan processing · Recordkeeping$8,930
ADP BROKER-DEALERindirect comp

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$56,115 · 0.50%
2023$27,091 · 0.31%
2022$8,448 · 0.10%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Michigan Masonic Home MI$12.9M · 0.30%
Southwest Solutions MI$12.5M · 0.34%
Regional Medical Imaging PC MI$12.1M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382387637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.