Plan Ledger DOL Form 5500 · updated monthly

Washington Township Medical Foundation401(k)

WASHINGTON TOWNSHIP MEDICAL FOUNDATION 401(K) PLAN · FREMONT, CA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Washington Township Medical Foundation reported $13,964 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,378 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 0.10% to 0.12%. 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 among the smaller plans on file in California (4,830th of 9,483), and the 4,985th of 11,911 in health care & social assistance. In 2024, employees put in $1.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,686,361
Participants with balances373
Active participants199
Employer contributions$473,317
Employee contributions$629,561
Employer contribution per active participant$2,378
Average account balance$34,012
Benefits paid to participants$294,426
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 373 accts · $473K emplr
2023$10.4M · 352 accts · $430K emplr
2022$8.5M · 263 accts · $263K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,964
Total administrative$13,964
The Washington Township Medical Foundation 401(k) match · 2024
Employer contribution per active participant$2,378
Median for plans this size$2,416
2024$2,378 per active participant
2023$2,118 per active participant
2022$1,340 per active participant

Washington Township Medical Foundation's 2024 employer contribution ran below the $2,416 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
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$13,964

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$13,964 · 0.12%
2023$10,030 · 0.11%
2022$8,973 · 0.10%
Same employer
Similar plansHealth Care & Social Assistance · California
Unified Care Services LLC CA$12.7M · 0.36%
Casa de Las Campanas CA$12.7M · 0.02%
Integral Senior Living, LLC CA$12.6M · 2.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300564526 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.