Plan Ledger DOL Form 5500 · updated monthly

North Florida Surgeons, P.A.401(k)

NORTH FLORIDA SURGEONS, P.A. PROFIT SHARING PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

North Florida Surgeons, P.A. reported $35,333 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,013 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 0.05%. 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 361st-largest of 3,644 plans among Florida employers on file, and the 1,214th of 11,911 in health care & social assistance. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves; active participation has grown from 441 to 763 since 2022.

Plan summary
Net assets, end of year$86,931,525
Participants with balances1,096
Active participants763
Employer contributions$4,587,749
Employee contributions$3,789,762
Employer contribution per active participant$6,013
Average account balance$79,317
Benefits paid to participants$3,239,353
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$86.9M · 1,096 accts · $4.6M emplr
2023$69.7M · 888 accts · $3.6M emplr
2022$52.0M · 702 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,100
Investment management$27,233
Total administrative$35,333
The North Florida Surgeons, P.A. 401(k) match · 2024
Employer contribution per active participant$6,013
Median for plans this size$3,635
2024$6,013 per active participant
2023$6,300 per active participant
2022$6,555 per active participant

North Florida Surgeons, P.A.'s 2024 employer contribution ran above 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
EMPOWER ADVISORY GROUP, LLC · Investment management$27,233

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$35,333 · 0.05%
2023$26,053 · 0.04%
2022$23,987 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Kidz Medical Services, Inc. FL$90.7M · 0.23%
Bond & Steele Clinic, P.A. FL$89.6M · 0.01%
Atlantic Dental Care, PLC FL$89.2M · 0.25%
Rotech Healthcare Inc. FL$74.7M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593366100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.