Plan Ledger DOL Form 5500 · updated monthly

Baptist-Physicians Surgery Cent401(k)

BAPTIST-PHYSICIANS' SURGERY CENTER 401(K) & PROFIT SHARING P · LEXINGTON, KY · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Baptist-Physicians Surgery Cent reported $48,349 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $958 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 rose from 0.33% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kentucky (517th of 871), and 6,208th of 11,911 in health care & social assistance. In 2024, employees put in $3.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,593,928
Participants with balances160
Active participants122
Employer contributions$116,901
Employee contributions$439,855
Employer contribution per active participant$958
Average account balance$53,712
Benefits paid to participants$595,031
Plan auditUnmodified (clean) audit opinion
AuditorBREEDING HENDERSON & HORD PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 160 accts · $117K emplr
2023$7.6M · 157 accts · $114K emplr
2022$6.1M · 145 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,009
Investment management$23,340
Total administrative$48,349
The Baptist-Physicians Surgery Cent 401(k) match · 2024
Employer contribution per active participant$958
Median for plans this size$1,313
2024$958 per active participant
2023$964 per active participant
2022$870 per active participant

Baptist-Physicians Surgery Cent's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ADP, INC. · Loan processing · Recordkeeping$25,009
MCF ADVISORS · Recordkeeping · Trustee$23,340

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

Recordkeeper by year2
2024ADP, MCF ADVISORS
2023ADP, MCF ADVISORS

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

Administrative cost history3
2024$48,349 · 0.60%
2023$21,697 · 0.32%
2022$23,350 · 0.33%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Nazareth Home, Inc. KY$9.0M · 0.30%
Maryhurst, Inc. KY$8.9M · 0.08%
Sterling Health Care KY$8.2M · 0.43%
Brighton Center, Inc. KY$7.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043665929 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.