Plan Ledger DOL Form 5500 · updated monthly

Authoracare Collective403(b)

AUTHORACARE COLLECTIVE 403(B) RETIREMENT SAVINGS PLAN · GREENSBORO, NC · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Authoracare Collective reported $134,629 in plan administrative expenses for 2023: 0.44% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,501 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 0.52% to 0.47%. 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 533rd-largest of 2,005 plans among North Carolina employers on file, and the 2,604th of 11,911 in health care & social assistance. In 2023, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,470,866
Participants with balances717
Active participants451
Employer contributions$1,128,046
Employee contributions$1,639,422
Employer contribution per active participant$2,501
Average account balance$45,287
Benefits paid to participants$2,807,922
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 687 accts · $1.1M emplr
2023$32.5M · 717 accts · $1.1M emplr
2022$28.4M · 650 accts · $1.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$134,629
Total administrative$134,629
Employer contributions to the Authoracare Collective plan · 2023
Employer contribution per active participant$2,501
Median for plans this size$2,440
2024$1,936 per active participant
2023$2,501 per active participant
2022$2,682 per active participant

Authoracare Collective'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 · 20232
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$132,657
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)$1,972

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$150,448 · 0.47%
2023$134,629 · 0.44%
2022$161,018 · 0.52%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Goldsboro Pediatrics, P.A. NC$33.4M · 0.48%
Horizon Eye Care, P.A. NC$32.8M · 0.07%
Maxwell Group Inc. NC$31.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561249146 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.