Plan Ledger DOL Form 5500 · updated monthly

Hand Surgery Associates of Indiana, Inc.401(k)

HAND SURGERY ASSOCIATES OF INDIANA, INC. 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Hand Surgery Associates of Indiana, Inc. reported $80,837 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $6,176 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 fell from 0.34% to 0.32%. 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 473rd-largest of 1,562 plans among Indiana employers on file, and the 3,068th of 11,911 in health care & social assistance. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,139,405
Participants with balances156
Active participants108
Employer contributions$667,017
Employee contributions$800,303
Employer contribution per active participant$6,176
Average account balance$167,560
Benefits paid to participants$2,568,815
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.1M · 156 accts · $667K emplr
2023$24.6M · 158 accts · $694K emplr
2022$20.4M · 161 accts · $624K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,598
Investment management$26,239
Audit (IQPA)$17,000
Total administrative$80,837
The Hand Surgery Associates of Indiana, Inc. 401(k) match · 2024
Employer contribution per active participant$6,176
Median for plans this size$2,416
2024$6,176 per active participant
2023$6,306 per active participant
2022$5,725 per active participant

Hand Surgery Associates of Indiana, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20244
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping · Investment advisory (participants)$38,788
MORGAN STANLEY DOMESTIC HOLDIN · Investment management$25,000
KSM SERVICES INC · Accounting / audit$17,000
CHARLES SCHWAB & CO INC · Securities brokerage$278

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$80,837 · 0.32%
2023$67,689 · 0.30%
2022$74,315 · 0.34%
Similar plansHealth Care & Social Assistance · Indiana
Aspire Indiana Inc. IN$28.9M · 0.13%
Orthopaedic Associates Inc. IN$27.3M · 0.52%
Hamilton Center, Inc. IN$26.4M · 0.46%
Orthopediatrics, Corp. IN$26.0M · 0.04%
Lifespring, Inc. IN$25.1M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351298203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.