Plan Ledger DOL Form 5500 · updated monthly

Jackson Heart Clinic, P.A.401(k)

JACKSON HEART CLINIC, P.A. 401(K) PLAN · JACKSON, MS · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Jackson Heart Clinic, P.A. reported $74,640 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $9,933 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 0.21% to 0.19%. 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 56th-largest of 367 plans among Mississippi employers on file, and the 2,144th of 11,911 in health care & social assistance. In 2024, the employer put in $1.40 for every $1.00 employees contributed themselves; active participation has grown from 103 to 137 since 2022.

Plan summary
Net assets, end of year$42,131,844
Participants with balances168
Active participants137
Employer contributions$1,360,822
Employee contributions$969,701
Employer contribution per active participant$9,933
Average account balance$250,785
Benefits paid to participants$2,428,303
Plan auditUnmodified (clean) audit opinion
AuditorT.E. LOTT AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$42.1M · 168 accts · $1.4M emplr
2023$36.9M · 136 accts · $1.1M emplr
2022$34.0M · 129 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,018
Investment management$42,877
Trustee / custodial$8,745
Total administrative$74,640
The Jackson Heart Clinic, P.A. 401(k) match · 2024
Employer contribution per active participant$9,933
Median for plans this size$2,416
2024$9,933 per active participant
2023$9,836 per active participant
2022$11,524 per active participant

Jackson Heart Clinic, P.A.'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 · 20243
NEWPORT GROUP, INC. · Plan administrator · Recordkeeping$23,018
NEWPORT TRUST COMPANY · Contract administrator · Recordkeeping$8,745
TRUSTMARK WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$40,777

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

Recordkeeper by year2
2024NEWPORT TRUST COMPANY, Newport (Ascensus)
2023NEWPORT TRUST COMPANY, Newport (Ascensus)

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

Administrative cost history3
2024$74,640 · 0.19%
2023$64,286 · 0.18%
2022$80,573 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · Mississippi

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Source: U.S. Department of Labor, Form 5500 series, EIN 640528954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.