Plan Ledger DOL Form 5500 · updated monthly

Washington Township Medical Group, Inc.401(k)

WASHINGTON TOWNSHIP MEDICAL GROUP, INC. 401K PLAN · FREMONT, CA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Washington Township Medical Group, Inc. reported $55,103 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $19,605 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 0.09% to 0.10%. 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 1,589th-largest of 9,483 plans among California employers on file, and the 1,683rd of 11,911 in health care & social assistance. In 2024, employees put in $1.05 for every $1.00 the employer contributed; active participation has grown from 75 to 89 since 2022.

Plan summary
Net assets, end of year$57,501,168
Participants with balances138
Active participants89
Employer contributions$1,744,847
Employee contributions$1,840,803
Employer contribution per active participant$19,605
Average account balance$416,675
Benefits paid to participants$3,117,455
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.5M · 138 accts · $1.7M emplr
2023$49.9M · 129 accts · $1.6M emplr
2022$40.0M · 119 accts · $545K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,103
Total administrative$55,103
The Washington Township Medical Group, Inc. 401(k) match · 2024
Employer contribution per active participant$19,605
Median for plans this size$3,635
2024$19,605 per active participant
2023$19,389 per active participant
2022$7,269 per active participant

Washington Township Medical Group, Inc.'s 2024 employer contribution ran above the $3,635 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
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$55,103

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$55,103 · 0.10%
2023$42,858 · 0.10%
2022$41,264 · 0.09%
Similar plansHealth Care & Social Assistance · California
Ole Health CA$58.0M · 0.39%
Donor Network West CA$57.7M · 0.26%
Family Healthcare Network CA$55.6M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352283730 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.