Plan Ledger DOL Form 5500 · updated monthly

Alabama Orthopaedic Clinic, P.C.401(k)

ALABAMA ORTHOPAEDIC CLINIC, P.C. 401(K) PROFIT SHARING PLAN · MOBILE, AL · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Alabama Orthopaedic Clinic, P.C. reported $99,532 in plan administrative expenses for 2023: 0.35% of average plan assets, above the peer median. Employer contributions averaged $3,792 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 0.36% to 0.31%. 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 224th-largest of 902 plans among Alabama employers on file, and the 2,727th of 11,911 in health care & social assistance. In 2023, the employer put in $1.08 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$30,613,624
Participants with balances261
Active participants199
Employer contributions$754,537
Employee contributions$699,470
Employer contribution per active participant$3,792
Average account balance$117,294
Benefits paid to participants$910,431
Plan auditUnmodified (clean) audit opinion
AuditorSMITH DUKES & BUCKALEW
Plan history3
Yearassets · accounts · employer contribution
2024$27.7M · 259 accts · $408K emplr
2023$30.6M · 261 accts · $755K emplr
2022$26.7M · 271 accts · $447K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,358
Investment management$57,410
Trustee / custodial$7,764
Total administrative$99,532
The Alabama Orthopaedic Clinic, P.C. 401(k) match · 2023
Employer contribution per active participant$3,792
Median for plans this size$2,440
2024$2,293 per active participant
2023$3,792 per active participant
2022$2,352 per active participant

Alabama Orthopaedic Clinic, P.C.'s 2023 employer contribution ran above 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 · 20234
NEWPORT GROUP, INC. · Recordkeeping$34,358
MITCHELL MCLEOD PUGH & WILLIAMS INC · Investment advisory (participants) · Investment advisory (plan)$49,663
NEWPORT TRUST COMPANY · Trustee$7,764
REGIONS · Investment advisory (participants)$7,747

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$91,843 · 0.31%
2023$99,532 · 0.35%
2022$105,445 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Alabama
Highfive Dental Holdco, LLC AL$40.8M · 0.28%
Crowne Management, LLC AL$33.6M · 0.75%
Turenne & Associates, LLC AL$29.0M · 0.44%
Gut, P.C. AL$25.8M · 0.38%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 631174582 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.