Plan Ledger DOL Form 5500 · updated monthly

Nephrology Associates of Mobile, P.A.401(k)

NEPHROLOGY ASSOCIATES OF MOBILE, P.A. 401(K) PROFIT SHARING PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Nephrology Associates of Mobile, P.A. reported $26,038 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,961 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 0.10% to 0.07%. 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 191st-largest of 902 plans among Alabama employers on file, and the 2,305th of 11,911 in health care & social assistance. In 2024, the employer put in $1.43 for every $1.00 employees contributed themselves; active participation has grown from 110 to 136 since 2022.

Plan summary
Net assets, end of year$38,420,516
Participants with balances182
Active participants136
Employer contributions$1,354,724
Employee contributions$945,151
Employer contribution per active participant$9,961
Average account balance$211,102
Benefits paid to participants$238,269
Plan auditUnmodified (clean) audit opinion
AuditorSMITH, DUKES & BUCKALEW LLP
Plan history3
Yearassets · accounts · employer contribution
2024$38.4M · 182 accts · $1.4M emplr
2023$31.6M · 168 accts · $1.1M emplr
2022$25.5M · 147 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,038
Total administrative$26,038
The Nephrology Associates of Mobile, P.A. 401(k) match · 2024
Employer contribution per active participant$9,961
Median for plans this size$2,416
2024$9,961 per active participant
2023$9,348 per active participant
2022$10,598 per active participant

Nephrology Associates of Mobile, P.A.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
ECONOMIC GROUP PENSION SERVICES$14,312

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$26,038 · 0.07%
2023$16,415 · 0.06%
2022$26,994 · 0.10%
Similar plansHealth Care & Social Assistance · Alabama
S.B.J.S., P.C. AL$42.0M · 0.15%
Highfive Dental Holdco, LLC AL$40.8M · 0.28%
Crowne Management, LLC AL$33.6M · 0.75%
Turenne & Associates, LLC AL$29.0M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630790569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.