Plan Ledger DOL Form 5500 · updated monthly

Orthopaedic Specialists of Nc, P.A.401(k)

ORTHOPAEDIC SPECIALISTS OF NC, P.A. 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Orthopaedic Specialists of Nc, P.A. reported $11,976 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,588 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 0.123% to 0.116%. 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 among the smaller plans on file in North Carolina (1,032nd of 2,005), and the 5,342nd of 11,911 in health care & social assistance. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 90 to 132 since 2022.

Plan summary
Net assets, end of year$11,341,055
Participants with balances136
Active participants132
Employer contributions$341,619
Employee contributions$592,479
Employer contribution per active participant$2,588
Average account balance$83,390
Benefits paid to participants$235,748
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS OVERMAN PIERCE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 136 accts · $342K emplr
2023$9.3M · 117 accts · $278K emplr
2022$7.3M · 110 accts · $218K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,976
Total administrative$11,976
The Orthopaedic Specialists of Nc, P.A. 401(k) match · 2024
Employer contribution per active participant$2,588
Median for plans this size$2,416
2024$2,588 per active participant
2023$2,572 per active participant
2022$2,425 per active participant

Orthopaedic Specialists of Nc, P.A.'s 2024 employer contribution ran above the $2,416 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$10,537
QUALIFIED RETIREMENT PLAN SERVICES · Contract administrator$650

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$11,976 · 0.12%
2023$10,173 · 0.12%
2022$9,485 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Peak Resources, Inc. NC$11.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562232487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.