Plan Ledger DOL Form 5500 · updated monthly

Health Care Partners of South Carolina, Inc.401(k)

HEALTH CARE PARTNERS OF SOUTH CAROLINA, INC. 403(B) PLAN · CONWAY, SC · plan year 2024

Reported admin expense ratio · 2024
1.20%

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

Health Care Partners of South Carolina, Inc. reported $35,108 in plan administrative expenses for 2024: 1.20% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,182 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 0.67% to 1.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in South Carolina (635th of 807), and 4,566th of 4,798 in finance & insurance. In 2024, employees put in $1.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,374,141
Participants with balances145
Active participants151
Employer contributions$329,430
Employee contributions$475,830
Employer contribution per active participant$2,182
Average account balance$23,270
Benefits paid to participants$272,535
Plan auditUnmodified (clean) audit opinion
AuditorTERRY L HORNE, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 145 accts · $329K emplr
2023$2.5M · 136 accts · $293K emplr
2022$1.6M · 125 accts · $245K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,651
Investment management$16,457
Total administrative$35,108
The Health Care Partners of South Carolina, Inc. 401(k) match · 2024
Employer contribution per active participant$2,182
Median for plans this size$1,313
2024$2,182 per active participant
2023$2,157 per active participant
2022$1,763 per active participant

Health Care Partners of South Carolina, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
COLTON GROOME FINANCIAL ADVISORS LL · Investment advisory (plan)$16,457

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$35,108 · 1.20%
2023$19,446 · 0.96%
2022$10,506 · 0.67%
Similar plansFinance & Insurance · South Carolina
Arthur State Bank SC$6.8M · 0.25%
Lima One Capital, LLC SC$5.6M · 0.97%
Credit Central, LLC SC$4.1M · 0.77%
Accessone Medcard, Inc. SC$3.7M · 0.65%
Northeast Georgia Bank GA$3.4M · 0.02%
Atomic Fi Inc UT$3.4M · 0.15%
Rapid Mortgage Company OH$3.4M · 1.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570679807 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.