Plan Ledger DOL Form 5500 · updated monthly

Theoria Medical PLLC401(k)

THEORIA MEDICAL PLLC 401(K) PROFIT SHARING PLAN & TRUST · NOVI, MI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Theoria Medical PLLC reported $9,332 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $930 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 0.36% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,117th of 2,619), and 8,498th of 11,911 in health care & social assistance. In 2024, employees put in $2.43 for every $1.00 the employer contributed; active participation has grown from 271 to 561 since 2022.

Plan summary
Net assets, end of year$4,071,506
Participants with balances318
Active participants561
Employer contributions$521,759
Employee contributions$1,269,227
Employer contribution per active participant$930
Average account balance$12,803
Benefits paid to participants$968,578
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 318 accts · $522K emplr
2023$2.8M · 225 accts · $378K emplr
2022$1.9M · 153 accts · $260K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,947
Investment management$1,525
Trustee / custodial$860
Total administrative$9,332
The Theoria Medical PLLC 401(k) match · 2024
Employer contribution per active participant$930
Median for plans this size$1,313
2024$930 per active participant
2023$1,204 per active participant
2022$959 per active participant

Theoria Medical PLLC's 2024 employer contribution ran below the $1,313 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 · 20241
PAYCHEX, INC. · Recordkeeping$15,408

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history3
2024$9,332 · 0.27%
2023$17,263 · 0.73%
2022$5,547 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Community Living Options MI$4.1M · 0.04%
Community Programs, Inc. MI$4.1M · 0.88%
Matrix Human Services MI$4.0M · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830826814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.