Plan Ledger DOL Form 5500 · updated monthly

University Physician Group403(b)

UNIVERSITY PHYSICIAN GROUP 403B RETIREMENT PLAN · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

University Physician Group reported $100,544 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $5,073 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 0.13% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 291st-largest of 2,619 plans among Michigan employers on file, and the 1,085th of 11,911 in health care & social assistance. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$102,258,935
Participants with balances911
Active participants652
Employer contributions$3,307,458
Employee contributions$6,130,859
Employer contribution per active participant$5,073
Average account balance$112,249
Benefits paid to participants$9,616,611
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$102.3M · 911 accts · $3.3M emplr
2023$86.4M · 1,000 accts · $3.1M emplr
2022$71.1M · 983 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,357
Investment management$46,187
Total administrative$100,544
Employer contributions to the University Physician Group plan · 2024
Employer contribution per active participant$5,073
Median for plans this size$3,635
2024$5,073 per active participant
2023$4,649 per active participant
2022$4,863 per active participant

University Physician Group's 2024 employer contribution ran above the $3,635 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$37,943

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

Administrative cost history3
2024$100,544 · 0.11%
2023$94,726 · 0.12%
2022$98,269 · 0.13%
All plans at this employer2
UNIVERSITY PHYSICIAN GROUP 401A RETIREMENT PLANProfit-sharing plan
UNIVERSITY PHYSICIAN GROUP 403B RETIREMENT PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Memorial Healthcare MI$115.1M · 0.00%
University Pediatricians MI$112.8M · 0.17%
Adg, LLC MI$98.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383474766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.