Plan Ledger DOL Form 5500 · updated monthly

Clinical Associates, P.A.401(k)

CLINICAL ASSOCIATES, P.A. 401(K) PLAN · TOWSON, MD · plan year 2023

Reported admin expense ratio · 2023
0.16%

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

Clinical Associates, P.A. reported $32,496 in plan administrative expenses for 2023: 0.16% of average plan assets, below the peer median. Employer contributions averaged $2,896 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 0.15% to 0.52%. 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 620th-largest of 1,671 plans among Maryland employers on file, and the 3,505th of 11,911 in health care & social assistance. In 2023, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,430,765
Participants with balances165
Active participants141
Employer contributions$408,288
Employee contributions$1,078,418
Employer contribution per active participant$2,896
Average account balance$129,883
Benefits paid to participants$2,172,301
Plan auditQualified audit opinion
AuditorBD&CO. CERTIFIED PUBLIC ACCOUNTANTS
Plan history3
Yearassets · accounts · employer contribution
2024$788K · 2 accts · $388K emplr
2023$21.4M · 165 accts · $408K emplr
2022$19.1M · 176 accts · $423K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$32,496
Total administrative$32,496
The Clinical Associates, P.A. 401(k) match · 2023
Employer contribution per active participant$2,896
Median for plans this size$2,440
2024$3,313 per active participant
2023$2,896 per active participant
2022$2,839 per active participant

Clinical Associates, P.A.'s 2023 employer contribution ran above the $2,440 median for plans its size. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$32,536

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$58,037 · 0.52%
2023$32,496 · 0.16%
2022$31,544 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Ashley, Inc. MD$22.3M · 0.30%
Nexion Health, Inc. MD$21.4M · 0.90%
American Kidney Fund, Inc. MD$20.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465765243 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.