Plan Ledger DOL Form 5500 · updated monthly

St. Clair Specialty Physicians, P.C401(k)

ST. CLAIR SPECIALTY PHYSICIANS, P. C. EMPLOYEES' · ROSEVILLE, MI · plan year 2022

Reported admin expense ratio · 2022
0.55%

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

St. Clair Specialty Physicians, P.C reported $129,093 in plan administrative expenses for 2022: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,643 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 0.55% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 971st-largest of 2,619 plans among Michigan employers on file, and the 3,449th of 11,911 in health care & social assistance. In 2022, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,977,806
Participants with balances142
Active participants102
Employer contributions$473,618
Employee contributions$733,748
Employer contribution per active participant$4,643
Average account balance$154,773
Benefits paid to participants$564,254
Plan auditUnmodified (clean) audit opinion
AuditorIANNUZZI, MANETTA & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$19.6M · 132 accts · $308K emplr
2023$20.7M · 141 accts · $292K emplr
2022$22.0M · 142 accts · $474K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$129,093
Total administrative$129,093
The St. Clair Specialty Physicians, P.C 401(k) match · 2022
Employer contribution per active participant$4,643
Median for plans this size$2,266
2024$3,900 per active participant
2023$2,891 per active participant
2022$4,643 per active participant

St. Clair Specialty Physicians, P.C's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$139,918 · 0.69%
2023$132,032 · 0.62%
2022$129,093 · 0.55%
Similar plansHealth Care & Social Assistance · Michigan
Nexcare Health Systems, LLC MI$22.8M · 0.57%
Marlette Regional Hospital MI$22.2M · 0.43%
Orthodontic Partners, LLC MI$22.0M · 0.26%
Vpa, P.C. MI$21.4M · 0.65%
The Peplinski Group, Inc. MI$21.1M · 0.63%
Michigan Family Resources MI$20.9M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381966107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.