How much does Atlanta Heart Associates, P.C. contribute to its Profit-sharing plan?

In 2024, employer contributions to the Atlanta Heart Associates, P.C. plan averaged $1,818 per active participant, below the $2,416 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Atlanta Heart Associates, P.C. 401(k)?

The average participant account balance was $90,770 for plan year 2024, based on 202 accounts.

Atlanta Heart Associates, P.C.Profit-sharing plan

Name: Atlanta Heart Associates, P.C. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

ATLANTA HEART ASSOCIATES, P.C. AMENDED PROFIT SHARING PLAN · MCDONOUGH, GA · plan year 2024

Employer contribution per participant · 2024

$1,818

Atlanta Heart Associates, P.C.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $18,335,633 across 202 participant accounts, with employer contributions averaging $1,818 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 918th-largest of 2,160 plans among Georgia employers on file, and the 3,914th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$18,335,633
Participants with balances202
Active participants110
Employer contributions$200,000
Employee contributions$0
Employer contribution per active participant$1,818
Average account balance$90,770
Plan auditUnmodified (clean) audit opinion
AuditorJOHN H SEETON PC

Plan history5
Yearassets · accounts · employer contribution
2024$18.3M · 202 accts · $200K emplr
2023$15.3M · 219 accts · $200K emplr
2022$12.1M · 202 accts · $200K emplr
2021$15.8M · 186 accts · $300K emplr
2020$13.5M · 170 accts · $300K emplr

Employer contributions to the Atlanta Heart Associates, P.C. plan · 2024

Employer contribution per active participant$1,818

Median for plans this size$2,416

2024$1,818 per active participant

2023$1,653 per active participant

2022$1,818 per active participant

2021$2,885 per active participant

2020$2,970 per active participant

Atlanta Heart Associates, P.C.'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.

Administrative cost history5
2024Not separately reported
2023Not separately reported
2022Not separately reported
2021Not separately reported
2020Not separately reported

Same employer

Atlanta Heart Associates, P.C.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 581990255 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.