Plan Ledger DOL Form 5500 · updated monthly

Tower Imaging Medical Group, Inc.401(k)

TOWER IMAGING MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN AND TRUST · SHERMAN OAKS, CA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Tower Imaging Medical Group, Inc. reported $9,680 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,470 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 0.01% to 0.03%. 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 2,090th-largest of 9,483 plans among California employers on file, and the 2,205th of 11,911 in health care & social assistance. In 2024, the employer put in $1.38 for every $1.00 employees contributed themselves; active participation has grown from 86 to 98 since 2022.

Plan summary
Net assets, end of year$40,925,950
Participants with balances111
Active participants98
Employer contributions$928,100
Employee contributions$670,625
Employer contribution per active participant$9,470
Average account balance$368,702
Benefits paid to participants$517,138
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.9M · 111 accts · $928K emplr
2023$34.1M · 119 accts · $791K emplr
2022$25.5M · 123 accts · $734K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,680
Total administrative$9,680
The Tower Imaging Medical Group, Inc. 401(k) match · 2024
Employer contribution per active participant$9,470
Median for plans this size$2,416
2024$9,470 per active participant
2023$8,597 per active participant
2022$8,529 per active participant

Tower Imaging Medical Group, Inc.'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
THE VANGUARD GROUP, INC. · Recordkeeping · Investment management$10,204

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$9,680 · 0.03%
2023$959 · 0.00%
2022$1,506 · 0.01%
Similar plansHealth Care & Social Assistance · California
American Health Care CA$41.2M · 0.43%
Younger Mfg. Co. CA$41.2M · 0.19%
Beverly Hospital CA$41.0M · 0.37%
Petaluma Health Center CA$40.9M · 0.04%
Honor Technology, Inc. CA$40.8M · 0.12%
Heartflow, Inc. CA$40.5M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954362483 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.