Plan Ledger DOL Form 5500 · updated monthly

Lakeland Surgical and Diagnostic401(k)

LAKELAND SURGICAL AND DIAGNOSTIC CENTER 401(K) PLAN · LAKELAND, FL · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Lakeland Surgical and Diagnostic reported $20,957 in plan administrative expenses for 2023: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,560 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 has held roughly steady near 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,394th of 3,644), and 7,616th of 11,911 in health care & social assistance. In 2023, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,527,841
Participants with balances139
Active participants149
Employer contributions$232,478
Employee contributions$448,491
Employer contribution per active participant$1,560
Average account balance$39,769
Benefits paid to participants$759,785
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $82K emplr
2023$5.5M · 139 accts · $232K emplr
2022$4.9M · 135 accts · $213K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,908
Investment management$17,049
Total administrative$20,957
The Lakeland Surgical and Diagnostic 401(k) match · 2023
Employer contribution per active participant$1,560
Median for plans this size$1,308
2023$1,560 per active participant
2022$1,421 per active participant

Lakeland Surgical and Diagnostic's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
LPL FINANCIAL CORPORATION RPCP · Recordkeeping · Trustee$17,049
ADP, INC. · Loan processing · Recordkeeping$3,907
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, LPL Financial
2023ADP, LPL Financial

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

Administrative cost history3
2024Not separately reported
2023$20,957 · 0.40%
2022$20,858 · 0.39%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Pcc Medical Holdings LLC FL$5.5M · 0.78%
Qsm Health Systems, Inc. FL$5.5M · 0.91%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 593346125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.