Plan Ledger DOL Form 5500 · updated monthly

True North Medical Group LLC401(k)

TRUE NORTH MEDICAL GROUP LLC 401(K) PROFIT SHARING PLAN & TRUST · NORTH WALES, PA · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

True North Medical Group LLC reported $67,598 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,308 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Pennsylvania (2,498th of 3,651), and 8,619th of 11,654 in professional & technical services. In 2024, employees put in $2.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,172,660
Participants with balances222
Active participants176
Employer contributions$230,212
Employee contributions$667,056
Employer contribution per active participant$1,308
Average account balance$36,814
Benefits paid to participants$630,539
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,297
Investment management$38,301
Total administrative$67,598
The True North Medical Group LLC 401(k) match · 2024
Employer contribution per active participant$1,308
Median for plans this size$1,313

True North Medical Group LLC'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 · 20243
PAYCHEX, INC. · Recordkeeping$12,073
MML INVESTORS SERVICES, LLC · Investment advisory (participants)$38,301
401K GENERATION · Contract administrator$17,114

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

Administrative cost history1
2024$67,598 · 0.89%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 825048740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.