Michigan Healthcare Professionals 401(k) match, vesting and fees
What Michigan Healthcare Professionals' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Derderian, Kann, Seyferth & Salucci (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Michigan Healthcare Professionals: employer contribution per participant | $0 | |
| Peer median | $1,358 |
| Michigan Healthcare Professionals: average balance | $62,165 | |
| Peer median | $44,442 |
| Michigan Healthcare Professionals: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $72.2M at the end of plan year 2021 to $68.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,932 | $68.6M | $0 | $0 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 1,768 | $68.4M | $0 | $0 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 1,858 | $63.3M | $0 | $0 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 1,816 | $72.2M | $0 | $0 | 0.01% | Not published | Form 5500 ↗ |
Other Michigan Healthcare Professionals plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Michigan Healthcare Professionals, P.C. 401(k) Profit Sharing Plan and Trust
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Derderian, Kann, Seyferth & Salucci (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Common questions
Does Michigan Healthcare Professionals match 401(k) contributions?
The match terms for the Michigan Healthcare Professionals, P.C. 401(k) Plan and Trust have not been published from its filing yet. The plan year 2024 filing reports $0 in employer contributions, about $0 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Michigan Healthcare Professionals 401(k) match vested?
The vesting schedule for the Michigan Healthcare Professionals, P.C. 401(k) Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Michigan Healthcare Professionals 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is Michigan Healthcare Professionals, P.C..
I left Michigan Healthcare Professionals. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Michigan Healthcare Professionals, P.C., (248) 851-3300) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The Michigan Healthcare Professionals old 401(k) page lists the contacts from every plan filing. Find an old Michigan Healthcare Professionals 401(k)
Data from the public Form 5500 annual reports Michigan Healthcare Professionals filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Michigan Healthcare Professionals. Not financial advice. Report a correction · Methodology