Plan Ledger DOL Form 5500 · updated monthly

Neurological Institute of Savannah & Center for Spine P.C.401(k)

NEUROLOGICAL INSTITUTE PROFIT SHARING/401(K) PLAN · SAVANNAH, GA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Neurological Institute of Savannah & Center for Spine P.C. reported $96,163 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,813 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 rose from 0.36% to 0.46%. 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 811th-largest of 2,160 plans among Georgia employers on file, and the 3,405th of 11,911 in health care & social assistance. In 2024, the employer put in $1.28 for every $1.00 employees contributed themselves; active participation has grown from 75 to 85 since 2022.

Plan summary
Net assets, end of year$22,316,791
Participants with balances132
Active participants85
Employer contributions$664,064
Employee contributions$516,910
Employer contribution per active participant$7,813
Average account balance$169,067
Benefits paid to participants$496,410
Plan auditUnmodified (clean) audit opinion
AuditorSYMPHONA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 132 accts · $664K emplr
2023$19.4M · 129 accts · $832K emplr
2022$17.6M · 125 accts · $594K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,309
Investment management$50,854
Total administrative$96,163
The Neurological Institute of Savannah & Center for Spine P.C. 401(k) match · 2024
Employer contribution per active participant$7,813
Median for plans this size$2,416
2024$7,813 per active participant
2023$9,046 per active participant
2022$7,926 per active participant

Neurological Institute of Savannah & Center for Spine P.C.'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 · 20243
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping$43,309
WEALTH PLAN INVESTMENT MGT,LLC · Investment advisory (participants)$25,427
FIRETHORN WEALTH PARTNERS · Investment advisory (participants)$25,427

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$96,163 · 0.46%
2023$79,932 · 0.43%
2022$73,098 · 0.36%
Similar plansHealth Care & Social Assistance · Georgia
Horizons Diagnostics LLC GA$22.8M · 0.33%
Rha Health Services, LLC GA$22.6M · 0.54%
North Atlanta Primary Care GA$22.1M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262806740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.