Plan Ledger DOL Form 5500 · updated monthly

Amarillo Medical Specialists, LLP401(k)

AMARILLO MEDICAL SPECIALISTS, LLP 401(K) PROFIT SHARING PLAN AND TRUST · AMARILLO, TX · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Amarillo Medical Specialists, LLP reported $91,269 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $5,880 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 3 years on file its reported administrative ratio has held roughly steady near 0.30%. 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 the 1,460th-largest of 5,688 plans among Texas employers on file, and the 2,607th of 11,911 in health care & social assistance. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves; active participation has grown from 134 to 172 since 2022.

Plan summary
Net assets, end of year$32,444,298
Participants with balances195
Active participants172
Employer contributions$1,011,324
Employee contributions$906,483
Employer contribution per active participant$5,880
Average account balance$166,381
Benefits paid to participants$747,516
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON AND SHELDON PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 195 accts · $1.0M emplr
2023$27.7M · 169 accts · $950K emplr
2022$22.1M · 169 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,323
Investment management$42,946
Total administrative$91,269
The Amarillo Medical Specialists, LLP 401(k) match · 2024
Employer contribution per active participant$5,880
Median for plans this size$2,416
2024$5,880 per active participant
2023$7,146 per active participant
2022$8,875 per active participant

Amarillo Medical Specialists, LLP's 2024 employer contribution ran above the $2,416 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 · 20243
AMARILLO NATIONAL BANK · Investment advisory (plan)$38,447
EMPOWER ADVISORY GROUP, LLC · Investment management$4,499

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$91,269 · 0.30%
2023$74,883 · 0.30%
2022$84,584 · 0.32%
Similar plansHealth Care & Social Assistance · Texas
Renal Associates, P.A. TX$33.0M · 0.30%
Signet Health Corporation TX$32.7M · 0.10%
Mann Eye Center, PA TX$31.8M · 0.41%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 752562354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.