Plan Ledger DOL Form 5500 · updated monthly

Cardiology Consultants, P.A.401(k)

CARDIOLOGY CONSULTANTS, P.A. PROFIT SHARING PLAN AND TRUST · SPARTANBURG, SC · plan year 2023

Reported admin expense ratio · 2023
0.59%

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

Cardiology Consultants, P.A. reported $172,430 in plan administrative expenses for 2023: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $57,131 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.

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 182nd-largest of 807 plans among South Carolina employers on file, and the 2,720th of 11,911 in health care & social assistance. In 2023, the employer put in $2.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$30,673,188
Participants with balances112
Active participants14
Employer contributions$799,830
Employee contributions$390,692
Employer contribution per active participant$57,131
Average account balance$273,868
Benefits paid to participants$1,821,634
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$0 · 10 accts
2023$30.7M · 112 accts · $800K emplr
The Cardiology Consultants, P.A. 401(k) match · 2023
Employer contribution per active participant$57,131
Median for plans this size$2,440

Cardiology Consultants, P.A.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA RETIRMENT SOLUTIONS, I · Recordkeeping · Loan processing$7,962
ERISA SERVICES, INC. · Recordkeeping · Loan processing$900
COLONIAL TRUST ADVISORS · Investment advisory (plan)$14,494

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

Administrative cost history2
2024Not separately reported
2023$172,430 · 0.59%
Similar plansHealth Care & Social Assistance · South Carolina
Arcis Healthcare, LLC SC$37.8M · 0.02%
Hmr Veterans Services, Inc. SC$35.0M · 0.70%
Hopehealth, Inc. SC$32.7M · 0.54%
Charleston Oncology, P.A. SC$26.3M · 0.09%
Orthosc, LLC SC$26.0M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570549843 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.