Plan Ledger DOL Form 5500 · updated monthly

Carolina Orthopaedic and Neurosurgical Associates, P.A.401(k)

CAROLINA ORTHOPEADIC & NEUROSURGICAL ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN & TRUST · SPARTANBURG, SC · plan year 2023

Reported admin expense ratio · 2023
0.30%

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

Carolina Orthopaedic and Neurosurgical Associates, P.A. reported $48,396 in plan administrative expenses for 2023: 0.30% of average plan assets, above the peer median. Employer contributions averaged $6,485 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 0.32% to 0.29%. 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 305th-largest of 807 plans among South Carolina employers on file, and the 4,097th of 11,911 in health care & social assistance. In 2023, the employer put in $1.43 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,244,070
Participants with balances317
Active participants178
Employer contributions$1,154,416
Employee contributions$809,367
Employer contribution per active participant$6,485
Average account balance$54,398
Benefits paid to participants$1,731,788
Plan auditUnmodified (clean) audit opinion
AuditorGOSNELL MENARD ROBINSON INFANTE CPA
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 344 accts · $914K emplr
2023$17.2M · 317 accts · $1.2M emplr
2022$14.6M · 280 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,396
Total administrative$48,396
The Carolina Orthopaedic and Neurosurgical Associates, P.A. 401(k) match · 2023
Employer contribution per active participant$6,485
Median for plans this size$2,440
2024$5,107 per active participant
2023$6,485 per active participant
2022$6,315 per active participant

Carolina Orthopaedic and Neurosurgical Associates, 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 · 20231
LPL FINANCIAL RPCP · Investment advisory (plan)$27,903

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

Administrative cost history3
2024$49,179 · 0.29%
2023$48,396 · 0.30%
2022$49,245 · 0.32%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Jervey Eye Group, P.A. SC$18.8M · 0.11%
TRIBE513, PA SC$16.8M · 0.44%
Medbridge Healthcare LLC SC$14.0M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570510670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.