Plan Ledger DOL Form 5500 · updated monthly

Cardiology Consultants of Philadelphia, PC401(k)

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 401(K) PROFIT SHARING PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Cardiology Consultants of Philadelphia, PC reported $343,839 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $9,155 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 0.20% 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 272nd-largest of 3,651 plans among Pennsylvania employers on file, and the 608th of 11,911 in health care & social assistance. In 2024, the employer put in $1.30 for every $1.00 employees contributed themselves; active participation has grown from 663 to 755 since 2022.

Plan summary
Net assets, end of year$215,135,345
Participants with balances1,047
Active participants755
Employer contributions$6,912,199
Employee contributions$5,300,133
Employer contribution per active participant$9,155
Average account balance$205,478
Benefits paid to participants$29,229,991
Plan auditUnmodified (clean) audit opinion
AuditorSKLAR CARMOSIN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$215.1M · 1,047 accts · $6.9M emplr
2023$209.5M · 974 accts · $5.8M emplr
2022$178.5M · 950 accts · $5.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$127,809
Investment management$176,527
Trustee / custodial$39,503
Total administrative$343,839
The Cardiology Consultants of Philadelphia, PC 401(k) match · 2024
Employer contribution per active participant$9,155
Median for plans this size$3,635
2024$9,155 per active participant
2023$8,426 per active participant
2022$8,532 per active participant

Cardiology Consultants of Philadelphia, PC'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 · 20243
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$127,809
THE CATANELLA INSTITUTIONAL CONSULT · Investment advisory (plan) · Securities brokerage$176,527
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$39,503

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)

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Administrative cost history3
2024$343,839 · 0.16%
2023$307,303 · 0.16%
2022$396,566 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Doylestown Hospital PA$280.9M · 0.21%
St. Clair Hospital PA$209.6M · 0.01%
Vibra Healthcare, LLC PA$185.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232076152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.