Plan Ledger DOL Form 5500 · updated monthly

Fast Pace Medical Clinical, PLLC401(k)

FAST PACE MEDICAL CLINIC, PLLC 401(K) PLAN · FRANKLIN, TN · plan year 2024

Reported admin expense ratio · 2024
0.95%

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

Fast Pace Medical Clinical, PLLC reported $156,068 in plan administrative expenses for 2024: 0.95% of average plan assets, higher than ~90% of peers. Employer contributions averaged $499 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 3 years on file its reported administrative ratio has held roughly steady near 0.95%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 555th-largest of 1,496 plans among Tennessee employers on file, and the 3,734th of 11,911 in health care & social assistance. In 2024, employees put in $3.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,712,235
Participants with balances1,256
Active participants2,730
Employer contributions$1,361,678
Employee contributions$5,007,974
Employer contribution per active participant$499
Average account balance$15,694
Benefits paid to participants$2,221,210
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.7M · 1,256 accts · $1.4M emplr
2023$13.2M · 1,096 accts · $1.0M emplr
2022$7.4M · 783 accts · $232K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,068
Investment management$25,000
Total administrative$156,068
The Fast Pace Medical Clinical, PLLC 401(k) match · 2024
Employer contribution per active participant$499
Median for plans this size$2,416
2024$499 per active participant
2023$407 per active participant
2022$89 per active participant

Fast Pace Medical Clinical, PLLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
CAPITAL STRATEGIES INVESTMENT GROUP · Investment advisory (plan)$25,000

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$156,068 · 0.95%
2023$106,347 · 1.03%
2022$64,060 · 0.99%
Similar plansHealth Care & Social Assistance · Tennessee
Clean Slate Centers, Inc. TN$20.0M · 0.66%
Plaza Radiology, LLC TN$20.0M · 0.40%
Allergy Associates, P.A. TN$19.9M · 0.04%
Sees Group, LLC TN$18.7M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270851352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.