Plan Ledger DOL Form 5500 · updated monthly

Meridian Medical Associates, P.A.401(k)

MERIDIAN MEDICAL ASSOCIATES, P.A. 401(K) AND PROFIT SHARING PLAN · MERIDIAN, MS · plan year 2022

Reported admin expense ratio · 2022
0.42%

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

Meridian Medical Associates, P.A. reported $51,245 in plan administrative expenses for 2022: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,028 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 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 158th-largest of 367 plans among Mississippi employers on file, and the 5,374th of 11,911 in health care & social assistance. In 2022, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,219,561
Participants with balances91
Active participants85
Employer contributions$257,388
Employee contributions$521,100
Employer contribution per active participant$3,028
Average account balance$123,292
Benefits paid to participants$664,541
Plan auditUnmodified (clean) audit opinion
AuditorWATKINS, WARD & STAFFORD, PLLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$21,493
Investment management$29,752
Total administrative$51,245
The Meridian Medical Associates, P.A. 401(k) match · 2022
Employer contribution per active participant$3,028
Median for plans this size$2,266

Meridian Medical Associates, P.A.'s 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$51,245 · 0.42%
Same employer
Similar plansHealth Care & Social Assistance · Mississippi
SA Holding Company, Inc. MS$8.3M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640619099 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.