Plan Ledger DOL Form 5500 · updated monthly

Heart South Cardiovascular Group, P.C.401(k)

HEART SOUTH CARDIOVASCULAR GROUP, P.C. 401(K) PROFIT SHARING PLAN · ALABASTER, AL · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Heart South Cardiovascular Group, P.C. reported $71,636 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $8,153 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.

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 319th-largest of 902 plans among Alabama employers on file, and the 3,931st of 11,911 in health care & social assistance. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,248,083
Participants with balances116
Active participants93
Employer contributions$758,190
Employee contributions$630,087
Employer contribution per active participant$8,153
Average account balance$157,311
Benefits paid to participants$1,054,223
Plan auditUnmodified (clean) audit opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP, INC
The Heart South Cardiovascular Group, P.C. 401(k) match · 2024
Employer contribution per active participant$8,153
Median for plans this size$2,416

Heart South Cardiovascular Group, P.C.'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 · 20241
WAVERLY ADVISORS · Pension consulting · Investment advisory (participants)$71,636

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

Administrative cost history1
2024$71,636 · 0.42%
Similar plansHealth Care & Social Assistance · Alabama
Cullman Primary Care, P.C. AL$19.9M · 0.44%
Birmingham Heart Clinic, PC AL$19.4M · 0.52%
Center for Cancer Care, PC AL$15.4M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470885243 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.