Plan Ledger DOL Form 5500 · updated monthly

Cardiology Associates of Mobile, Inc.401(k)

CARDIOLOGY ASSOCIATES OF MOBILE, INC. 401(K) PROFIT SHARING PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Cardiology Associates of Mobile, Inc. reported $27,177 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $8,042 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 0.032% to 0.033%. 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 87th-largest of 902 plans among Alabama employers on file, and the 1,229th of 11,911 in health care & social assistance. In 2024, the employer put in $1.39 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$85,789,602
Participants with balances342
Active participants270
Employer contributions$2,171,412
Employee contributions$1,562,268
Employer contribution per active participant$8,042
Average account balance$250,847
Benefits paid to participants$6,767,321
Plan auditUnmodified (clean) audit opinion
AuditorWILKINS MILLER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$85.8M · 342 accts · $2.2M emplr
2023$78.3M · 338 accts · $2.2M emplr
2022$71.4M · 315 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,177
Total administrative$27,177
The Cardiology Associates of Mobile, Inc. 401(k) match · 2024
Employer contribution per active participant$8,042
Median for plans this size$3,635
2024$8,042 per active participant
2023$8,334 per active participant
2022$7,670 per active participant

Cardiology Associates of Mobile, Inc.'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 · 20241
NEWPORT GROUP, INC. · Consulting · Recordkeeping$27,177

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$27,177 · 0.03%
2023$25,423 · 0.03%
2022$25,130 · 0.03%
Same employer
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Rehab Employee Services, LLC AL$208.6M · 0.30%
Uab Medicine Enterprise AL$122.3M · 0.16%
Nhs Management, LLC AL$97.2M · 0.18%
Premier Medical Group, Inc. AL$83.3M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630889615 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.