Plan Ledger DOL Form 5500 · updated monthly

University Neurosurgical Associates P.C.401(k)

UNIVERSITY NEUROSURGICAL ASSOCIATES, P. C. 401(K) PLAN · SOUTHFIELD, MI · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

University Neurosurgical Associates P.C. reported $1,577 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,659 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 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 781st-largest of 2,619 plans among Michigan employers on file, and the 2,747th of 11,911 in health care & social assistance. In 2023, employees put in $4.06 for every $1.00 the employer contributed; active participation has shrunk from 143 to 122 since 2022.

Plan summary
Net assets, end of year$30,417,516
Participants with balances223
Active participants122
Employer contributions$202,453
Employee contributions$821,361
Employer contribution per active participant$1,659
Average account balance$136,401
Benefits paid to participants$4,186,317
Plan auditUnmodified (clean) audit opinion
AuditorSCHALUPITZ MADHAVAN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$28.0M · 230 accts · $230K emplr
2023$30.4M · 223 accts · $202K emplr
2022$28.3M · 217 accts · $571K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,577
Total administrative$1,577
The University Neurosurgical Associates P.C. 401(k) match · 2023
Employer contribution per active participant$1,659
Median for plans this size$2,440
2024$1,851 per active participant
2023$1,659 per active participant
2022$3,990 per active participant

University Neurosurgical Associates P.C.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
USI CONSULTING GROUP · Claims processing · Recordkeeping$875
CHARLES SCHWAB BANK · Custodial (securities) · Trusteeindirect comp

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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

Administrative cost history3
2024$3,066 · 0.01%
2023$1,577 · 0.01%
2022$880 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Grace Health MI$30.8M · 0.19%
Compass Healthcare PLC MI$30.5M · 0.19%
The Hurley Clinic MI$29.1M · 0.01%
Redwood Dental Group MI$28.4M · 0.33%
Mendelson Orthopedics, P.C. MI$27.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382376857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.