Plan Ledger DOL Form 5500 · updated monthly

San Diego Cardiac Center Medical Group, Inc.401(k)

SAN DIEGO CARDIAC CENTER MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN · SAN DIEGO, CA · plan year 2023

Reported admin expense ratio · 2023
0.48%

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

San Diego Cardiac Center Medical Group, Inc. reported $61,660 in plan administrative expenses for 2023: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,002 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 rose from 0.48% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 4,313th-largest of 9,483 plans among California employers on file, and the 4,384th of 11,911 in health care & social assistance. In 2023, the employer put in $1.39 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$15,515,628
Participants with balances107
Active participants86
Employer contributions$688,130
Employee contributions$494,440
Employer contribution per active participant$8,002
Average account balance$145,006
Benefits paid to participants$208,712
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$15.4M · 118 accts · $678K emplr
2023$15.5M · 107 accts · $688K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,671
Investment management$42,989
Total administrative$61,660
The San Diego Cardiac Center Medical Group, Inc. 401(k) match · 2023
Employer contribution per active participant$8,002
Median for plans this size$2,440
2024$6,919 per active participant
2023$8,002 per active participant

San Diego Cardiac Center Medical Group, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$18,670
FISHER RETIREMENT SOLUTIONS · Investment advisory (plan)$42,989

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history2
2024$79,934 · 0.52%
2023$61,660 · 0.48%
Similar plansHealth Care & Social Assistance · California
Wayfinder Family Services CA$15.7M · 0.65%
Beta Bionics, Inc. CA$15.5M · 0.10%
Visby Medical, Inc. CA$15.3M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330100747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.