Plan Ledger DOL Form 5500 · updated monthly

Norman H. Anderson, M.D., P.A.401(k)

NORMAN H. ANDERSON, M.D., P.A. 401(K) PLAN · OCALA, FL · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Norman H. Anderson, M.D., P.A. reported $63,865 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $4,542 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 0.393%. 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 1,281st-largest of 3,644 plans among Florida employers on file, and the 4,190th of 11,911 in health care & social assistance. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,589,728
Participants with balances102
Active participants86
Employer contributions$390,595
Employee contributions$663,013
Employer contribution per active participant$4,542
Average account balance$162,644
Benefits paid to participants$2,303,976
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 102 accts · $391K emplr
2023$15.9M · 103 accts · $389K emplr
2022$15.6M · 109 accts · $421K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,805
Total administrative$63,865
The Norman H. Anderson, M.D., P.A. 401(k) match · 2024
Employer contribution per active participant$4,542
Median for plans this size$2,416
2024$4,542 per active participant
2023$4,522 per active participant
2022$4,428 per active participant

Norman H. Anderson, M.D., 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 · 20241
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$5,680

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$63,865 · 0.39%
2023$62,601 · 0.40%
2022$74,988 · 0.39%
Similar plansHealth Care & Social Assistance · Florida
Mental Health Care, Inc. FL$17.1M · 0.43%
Pensacola Pediatrics PA FL$16.4M · 0.21%
Primehealth Physicians, LLC FL$16.4M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591901972 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.