Plan Ledger DOL Form 5500 · updated monthly

Salona Global Medical Device Corp.401(k)

SALONA GLOBAL MEDICAL DEVICE CORP. 401(K) PLAN · DEL MAR, CA · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Salona Global Medical Device Corp. reported $41,387 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,294 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 3,549th-largest of 9,483 plans among California employers on file, and the 5,443rd of 11,654 in professional & technical services. In 2023, employees put in $2.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,641,605
Participants with balances245
Active participants207
Employer contributions$267,940
Employee contributions$703,110
Employer contribution per active participant$1,294
Average account balance$84,251
Benefits paid to participants$2,376,166
Plan auditUnmodified (clean) audit opinion
AuditorCARON AND BLETZER PLLC
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,387
Total administrative$41,387
The Salona Global Medical Device Corp. 401(k) match · 2023
Employer contribution per active participant$1,294
Median for plans this size$2,440

Salona Global Medical Device Corp.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
LINCOLN NATIONAL CORPORATION · Recordkeeping$2,761
LINCOLN NATIONAL CORPORATION · Contract administrator$38,626

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

Administrative cost history1
2023$41,387 · 0.29%
Similar plansProfessional & Technical Services · California
The Azoff Company LLC CA$20.8M · 0.51%
Conviva Inc. CA$20.7M · 0.56%
Shifamed, LLC CA$20.7M · 0.24%
Mullen & Filippi, LLP CA$20.5M · 0.27%
Moebius Solutions, Inc. CA$20.4M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582551796 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.