Plan Ledger DOL Form 5500 · updated monthly

Foot and Ankle Specialists of the Mid Atlantic, LLC401(k)

U.S. FOOT AND ANKLE SPECIALISTS 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Foot and Ankle Specialists of the Mid Atlantic, LLC reported $194,376 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,482 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 0.36% to 0.42%. 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 354th-largest of 2,005 plans among North Carolina employers on file, and the 1,774th of 11,911 in health care & social assistance. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 769 to 1,184 since 2022.

Plan summary
Net assets, end of year$53,263,907
Participants with balances806
Active participants1,184
Employer contributions$2,938,559
Employee contributions$6,073,868
Employer contribution per active participant$2,482
Average account balance$66,084
Benefits paid to participants$3,760,898
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEW, CARTER & BOYCE, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$53.3M · 806 accts · $2.9M emplr
2023$38.7M · 706 accts · $2.2M emplr
2022$23.1M · 492 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,714
Investment management$152,662
Total administrative$194,376
The Foot and Ankle Specialists of the Mid Atlantic, LLC 401(k) match · 2024
Employer contribution per active participant$2,482
Median for plans this size$2,416
2024$2,482 per active participant
2023$2,222 per active participant
2022$1,982 per active participant

Foot and Ankle Specialists of the Mid Atlantic, LLC's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
EMPOWER ADVISORY GROUP, LLC · Investment management$38,052
KB PENSION SERVICES INC · Contract administrator$35,791
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$14,615
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$5,721
RETIREMENT PLANNER & ADMINISTRATORS$1,952

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$194,376 · 0.42%
2023$149,770 · 0.48%
2022$79,003 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Delaney Radiologists, P.A. NC$55.7M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273846421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.