Plan Ledger DOL Form 5500 · updated monthly

Boice-Willis Clinic, P.A.401(k)

BOICE-WILLIS CLINIC, P.A. 401(K) AND PROFIT SHARING PLAN · ROCKY MOUNT, NC · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Boice-Willis Clinic, P.A. reported $145,862 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $7,550 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 0.12% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 210th-largest of 2,005 plans among North Carolina employers on file, and the 1,128th of 11,911 in health care & social assistance. In 2024, the employer put in $1.54 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$96,990,493
Participants with balances357
Active participants290
Employer contributions$2,189,503
Employee contributions$1,425,890
Employer contribution per active participant$7,550
Average account balance$271,682
Benefits paid to participants$3,617,939
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS OVERMAN PIERCE
Plan history3
Yearassets · accounts · employer contribution
2024$97.0M · 357 accts · $2.2M emplr
2023$84.6M · 361 accts · $2.3M emplr
2022$78.7M · 361 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,090
Investment management$140,172
Total administrative$145,862
The Boice-Willis Clinic, P.A. 401(k) match · 2024
Employer contribution per active participant$7,550
Median for plans this size$3,635
2024$7,550 per active participant
2023$7,826 per active participant
2022$7,382 per active participant

Boice-Willis Clinic, P.A.'s 2024 employer contribution ran above the $3,635 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 · 20246
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$6,058
MODERA WEALTH MANAGEMENT LLC · Investment advisory (participants)$73,821
CURI RMB CAPITAL LLC · Investment advisory (participants)$44,671
WHITENER CAPITAL MANAGEMENT IN · Investment advisory (participants)$19,994
CHARLES SCHWAB & CO., INC. · Securities brokerage$1,141
CHARLES SCHWAB TRUST BANK · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$145,862 · 0.16%
2023$142,558 · 0.17%
2022$107,652 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Physicians East PA NC$114.0M · 0.04%
Blue Ridge Healthcare System NC$113.3M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561025986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.