Plan Ledger DOL Form 5500 · updated monthly

Murfreesboro Medical Clinic, P.A.401(k)

MURFREESBORO MEDICAL CLINIC P.A. RESTATED EMPLOYEE SAVINGS AND PROFIT SHARING PLAN · MURFREESBORO, TN · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Murfreesboro Medical Clinic, P.A. reported $267,311 in plan administrative expenses for 2024: 0.26% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,010 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 0.26%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 154th-largest of 1,496 plans among Tennessee employers on file, and the 1,037th of 11,911 in health care & social assistance. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 629 to 734 since 2022.

Plan summary
Net assets, end of year$107,877,370
Participants with balances832
Active participants734
Employer contributions$2,209,236
Employee contributions$3,941,960
Employer contribution per active participant$3,010
Average account balance$129,660
Benefits paid to participants$5,626,050
Plan auditUnmodified (clean) audit opinion
AuditorDEMPSEY VANTREASE & FOLLIS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$107.9M · 832 accts · $2.2M emplr
2023$95.2M · 805 accts · $3.8M emplr
2022$80.8M · 748 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$139,986
Investment management$127,325
Total administrative$267,311
The Murfreesboro Medical Clinic, P.A. 401(k) match · 2024
Employer contribution per active participant$3,010
Median for plans this size$3,635
2024$3,010 per active participant
2023$5,630 per active participant
2022$2,719 per active participant

Murfreesboro Medical Clinic, P.A.'s 2024 employer contribution ran below the $3,635 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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$167,311
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$100,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$267,311 · 0.26%
2023$236,156 · 0.27%
2022$236,508 · 0.27%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Centerstone of America, Inc. TN$120.6M · 0.33%
Semmes-Murphey Clinic TN$118.3M · 0.15%
Associated Pathologists, LLC TN$117.0M · 0.09%
Ushv Management, LLC TN$100.5M · 0.15%
Chs Employee Group, LLC TN$100.4M · 0.15%
The West Clinic PLLC TN$98.2M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620864163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.