Plan Ledger DOL Form 5500 · updated monthly

Medical Associates of Brevard, LLC401(k)

MEDICAL ASSOCIATES OF BREVARD, LLC 401(K) PLAN · MELBOURNE, FL · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Medical Associates of Brevard, LLC reported $74,002 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,993 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 3 years on file its reported administrative ratio has held roughly steady near 0.179%. 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 598th-largest of 3,644 plans among Florida employers on file, and the 2,078th of 11,911 in health care & social assistance. In 2024, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,818,834
Participants with balances268
Active participants206
Employer contributions$822,619
Employee contributions$1,901,153
Employer contribution per active participant$3,993
Average account balance$163,503
Benefits paid to participants$3,637,885
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.8M · 268 accts · $823K emplr
2023$38.9M · 253 accts · $769K emplr
2022$32.7M · 253 accts · $694K emplr
The Medical Associates of Brevard, LLC 401(k) match · 2024
Employer contribution per active participant$3,993
Median for plans this size$2,416
2024$3,993 per active participant
2023$3,885 per active participant
2022$3,634 per active participant

Medical Associates of Brevard, LLC's 2024 employer contribution ran above the $2,416 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 · 20244
NORTHWESTERN MUTUAL WEALTH MANAGMEN · Investment advisory (plan)$72,330
CARPENTER MORSE GROUP · Contract administrator$17,275
CLIFTONLASTSON ALLEN, LLP$13,398
CAPITAL GROUP RETIREMENT PLAN SERVI$835

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$74,002 · 0.18%
2023$79,362 · 0.22%
2022$62,817 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Simedhealth, L.L.C. FL$45.7M · 0.12%
Westminster Services, Inc. FL$41.8M · 0.68%
Circles of Care, Inc. FL$40.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593360315 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.