Plan Ledger DOL Form 5500 · updated monthly

Florida Cardiology, P.A.401(k)

THE RETIREMENT PLAN FOR EMPLOYEES OF FLORIDA CARDIOLOGY, P.A. · WINTER PARK, FL · plan year 2023

Reported admin expense ratio · 2023
0.51%

Florida Cardiology, P.A. reported $52,850 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. 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 0.55%. 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 1,665th-largest of 3,644 plans among Florida employers on file, and the 5,371st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$11,228,490
Participants with balances258
Active participants238
Employer contributions—
Employee contributions$940,922
Employer contribution per active participant—
Average account balance$43,521
Benefits paid to participants$538,461
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 250 accts · $19K emplr
2023$11.2M · 258 accts
2022$9.4M · 251 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$52,850
Total administrative$52,850
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$52,850
RESOURCES INVESTMENT ADVISORS · Investment advisory (plan)indirect comp

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$60,117 · 0.55%
2023$52,850 · 0.51%
2022$53,223 · 0.53%
Similar plansHealth Care & Social Assistance · Florida
Avante Group, Inc. FL$11.6M · 0.49%
Big Bend Hospice, Inc. FL$11.6M · 0.52%
Pediatrics in Brevard, P.A. FL$10.9M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592262342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.