Plan Ledger DOL Form 5500 · updated monthly

Silver Pine Medical Group, PLC401(k)

SILVER PINE MEDICAL GROUP RETIREMENT PLAN · STERLING HEIGHTS, MI · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Silver Pine Medical Group, PLC reported $3,426 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,611 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 fell from 0.04% to 0.02%. 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 the 1,085th-largest of 2,619 plans among Michigan employers on file, and the 3,875th of 11,911 in health care & social assistance. In 2024, employees put in $1.03 for every $1.00 the employer contributed; active participation has grown from 128 to 153 since 2022.

Plan summary
Net assets, end of year$18,668,913
Participants with balances221
Active participants153
Employer contributions$858,504
Employee contributions$884,746
Employer contribution per active participant$5,611
Average account balance$84,475
Benefits paid to participants$47,773
Plan auditUnmodified (clean) audit opinion
AuditorFENNER MELSTROM & DOOLING, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 221 accts · $859K emplr
2023$14.7M · 182 accts · $762K emplr
2022$11.7M · 156 accts · $755K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,426
Total administrative$3,426
The Silver Pine Medical Group, PLC 401(k) match · 2024
Employer contribution per active participant$5,611
Median for plans this size$2,416
2024$5,611 per active participant
2023$5,908 per active participant
2022$5,901 per active participant

Silver Pine Medical Group, PLC's 2024 employer contribution ran above the $2,416 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 · 20241
ASCENSUS LLC · Loan processing · Recordkeeping$3,426

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$3,426 · 0.02%
2023$3,275 · 0.02%
2022$4,434 · 0.04%
Similar plansHealth Care & Social Assistance · Michigan
Pace Southeast Michigan MI$19.7M · 0.77%
Moriah Incorporated MI$19.4M · 0.00%
Cns Healthcare MI$18.5M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383621355 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.