Plan Ledger DOL Form 5500 · updated monthly

Caremore Medical Group of Tennessee, P.C.401(k)

CARELON PEO 401(K) PLAN · INDIANAPOLIS, IN · plan year 2023

Reported admin expense ratio · 2023
0.08%

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

Caremore Medical Group of Tennessee, P.C. reported $52,779 in plan administrative expenses for 2023: 0.08% of average plan assets, below the peer median. Employer contributions averaged $8,174 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 1 year on file its reported administrative ratio fell from 0.13% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 212th-largest of 1,562 plans among Indiana employers on file, and the 1,444th of 11,911 in health care & social assistance. In 2023, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$70,085,934
Participants with balances765
Active participants459
Employer contributions$3,751,754
Employee contributions$6,854,158
Employer contribution per active participant$8,174
Average account balance$91,616
Benefits paid to participants$7,737,781
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history2
Yearassets · accounts · employer contribution
2023$70.1M · 765 accts · $3.8M emplr
2022$56.8M · 786 accts · $4.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$9,853
Investment management$24,276
Audit (IQPA)$17,150
Total administrative$52,779
The Caremore Medical Group of Tennessee, P.C. 401(k) match · 2023
Employer contribution per active participant$8,174
Median for plans this size$3,659
2023$8,174 per active participant
2022$8,026 per active participant

Caremore Medical Group of Tennessee, P.C.'s 2023 employer contribution ran above the $3,659 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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$24,276
CROWE, LLP · Accounting / audit$17,150
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$9,853

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

Administrative cost history2
2023$52,779 · 0.08%
2022$75,962 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Franciscan Alliance, Inc. IN$77.3M · 0.07%
Summit Radiology, P.C. IN$72.9M · 0.14%
Elkhart Clinic, LLC IN$67.2M · 0.12%
First Urology P.S.C. IN$63.5M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471878423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.