Plan Ledger DOL Form 5500 · updated monthly

Hattiesburg Clinic, P.A.401(k)

HATTIESBURG CLINIC P. A. SAVINGS PLAN · HATTIESBURG, MS · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Hattiesburg Clinic, P.A. reported $64,861 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,378 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 0.019% to 0.017%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 7th-largest of 367 plans among Mississippi employers on file, and the 391st of 11,911 in health care & social assistance. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has grown from 2,179 to 2,584 since 2022.

Plan summary
Net assets, end of year$402,235,886
Participants with balances2,326
Active participants2,584
Employer contributions$8,727,484
Employee contributions$14,228,311
Employer contribution per active participant$3,378
Average account balance$172,930
Benefits paid to participants$35,428,889
Plan auditUnmodified (clean) audit opinion
AuditorTMH, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$402.2M · 2,326 accts · $8.7M emplr
2023$358.9M · 2,241 accts · $7.7M emplr
2022$305.7M · 2,218 accts · $7.5M emplr
Administrative expenses, itemized · 2024
Investment management$171,756
Audit (IQPA)$19,000
Total administrative$64,861
The Hattiesburg Clinic, P.A. 401(k) match · 2024
Employer contribution per active participant$3,378
Median for plans this size$4,294
2024$3,378 per active participant
2023$3,418 per active participant
2022$3,459 per active participant

Hattiesburg Clinic, P.A.'s 2024 employer contribution ran below the $4,294 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 · 20245
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$121,756
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$50,000
MAYNARD NEXSEN · Legal$29,007
TOPP MCWHORTER HARVEY · Accounting / audit · Consulting$19,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$64,861 · 0.02%
2023$33,023 · 0.01%
2022$66,379 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Mississippi
Torrance Health Association CA$406.1M · 0.12%
Enloe Medical Center CA$402.8M · 0.04%
Mary Washington Healthcare VA$400.3M · 0.08%
Kennedy Health System PA$400.3M · 0.05%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 640507572 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.