Plan Ledger DOL Form 5500 · updated monthly

Josephson-Wallack-Munshower Neurology, P.C.401(k)

JOSEPHSON-WALLACK-MUNSHOWER NEUROLOGY, P.C. PROFIT SHARING PLAN · INDIANAPOLIS, IN · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Josephson-Wallack-Munshower Neurology, P.C. reported $121,995 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $6,374 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 1 year on file its reported administrative ratio fell from 0.31% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 304th-largest of 1,562 plans among Indiana employers on file, and the 1,983rd of 11,911 in health care & social assistance. In 2023, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,745,984
Participants with balances199
Active participants151
Employer contributions$962,526
Employee contributions$1,054,779
Employer contribution per active participant$6,374
Average account balance$234,904
Benefits paid to participants$1,173,097
Plan auditUnmodified (clean) audit opinion
AuditorPILE CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$46.7M · 199 accts · $963K emplr
2022$37.5M · 226 accts · $898K emplr
Administrative expenses, itemized · 2023
Investment management$82,572
Trustee / custodial$39,423
Total administrative$121,995
The Josephson-Wallack-Munshower Neurology, P.C. 401(k) match · 2023
Employer contribution per active participant$6,374
Median for plans this size$2,440
2023$6,374 per active participant
2022$6,600 per active participant

Josephson-Wallack-Munshower Neurology, P.C.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NYHART · Recordkeepingindirect comp
OXFORD FINANCIAL GROUP, LTD · Investment management$81,975
FIDELITY INVESTMENTS · Custodial (securities)indirect comp

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

Administrative cost history2
2023$121,995 · 0.29%
2022$114,046 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Bhi Senior Living, Inc. IN$52.2M · 0.46%
Radiology, Inc. IN$51.5M · 0.04%
Medworks, Inc. IN$45.2M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351898297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.