Plan Ledger DOL Form 5500 · updated monthly

Midlands Orthopaedics and Neurosurgery, PA401(k)

MIDLANDS ORTHOPAEDICS AND NEUROSURGERY, PA RETIREMENT PLAN · COLUMBIA, SC · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Midlands Orthopaedics and Neurosurgery, PA reported $35,116 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $4,092 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 0.15% to 0.13%. 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 185th-largest of 807 plans among South Carolina employers on file, and the 2,756th of 11,911 in health care & social assistance. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 168 to 186 since 2022.

Plan summary
Net assets, end of year$30,319,697
Participants with balances230
Active participants186
Employer contributions$761,079
Employee contributions$1,227,417
Employer contribution per active participant$4,092
Average account balance$131,825
Benefits paid to participants$584,666
Plan auditUnmodified (clean) audit opinion
AuditorTHE HOBBS GROUP, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 230 accts · $761K emplr
2023$24.3M · 222 accts · $747K emplr
2022$19.9M · 224 accts · $693K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,116
Total administrative$35,116
The Midlands Orthopaedics and Neurosurgery, PA 401(k) match · 2024
Employer contribution per active participant$4,092
Median for plans this size$2,416
2024$4,092 per active participant
2023$4,081 per active participant
2022$4,125 per active participant

Midlands Orthopaedics and Neurosurgery, PA'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,116

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$35,116 · 0.13%
2023$26,536 · 0.12%
2022$33,302 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Hmr Veterans Services, Inc. SC$35.0M · 0.70%
Hopehealth, Inc. SC$32.7M · 0.54%
Charleston Oncology, P.A. SC$26.3M · 0.09%
Orthosc, LLC SC$26.0M · 0.35%
White Oak Management, Inc. SC$25.5M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570710106 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.