Plan Ledger DOL Form 5500 · updated monthly

Community Medicine Foundation401(k)

COMMUNITY MEDICINE FOUNDATION 401(K) PROFIT SHARING PLAN & TRUST · ROCK HILL, SC · plan year 2023

Reported admin expense ratio · 2023
0.88%

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

Community Medicine Foundation reported $27,044 in plan administrative expenses for 2023: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,674 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 rose from 0.74% to 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Carolina (636th of 807), and 9,041st of 11,911 in health care & social assistance. In 2023, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,303,535
Participants with balances88
Active participants107
Employer contributions$179,113
Employee contributions$326,681
Employer contribution per active participant$1,674
Average account balance$37,540
Benefits paid to participants$475,444
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY
Plan history2
Yearassets · accounts · employer contribution
2023$3.3M · 88 accts · $179K emplr
2022$2.9M · 105 accts · $180K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,214
Investment management$14,830
Total administrative$27,044
The Community Medicine Foundation 401(k) match · 2023
Employer contribution per active participant$1,674
Median for plans this size$1,308
2023$1,674 per active participant
2022$1,653 per active participant

Community Medicine Foundation's 2023 employer contribution ran above the $1,308 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 · 20232
PAYCHEX, INC. · Recordkeeping$12,215
LPL FINANCIAL · Investment advisory (participants)$11,888

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$27,044 · 0.88%
2022$23,727 · 0.74%
Similar plansHealth Care & Social Assistance · South Carolina
The Sunshine House SC$3.9M · 0.78%
The Cypress Club, Inc. SC$3.6M · 0.78%
Medtrust Holdings, Inc. SC$2.8M · 1.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570891008 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.