Plan Ledger DOL Form 5500 · updated monthly

P3 Health Group Management, LLC401(k)

P3 HEALTH PARTNERS 401(K) PLAN · HENDERSON, NV · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

P3 Health Group Management, LLC reported $82,304 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,511 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 4 years on file its reported administrative ratio rose from 0.14% to 0.73%. 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 167th-largest of 437 plans among Nevada employers on file, and the 4,869th of 11,911 in health care & social assistance. In 2024, employees put in $2.06 for every $1.00 the employer contributed; active participation has grown from 280 to 456 since 2020.

Plan summary
Net assets, end of year$13,200,205
Participants with balances353
Active participants456
Employer contributions$1,145,220
Employee contributions$2,359,905
Employer contribution per active participant$2,511
Average account balance$37,394
Benefits paid to participants$1,247,335
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$13.2M · 353 accts · $1.1M emplr
2023$9.4M · 278 accts · $1.1M emplr
2022$4.7M · 264 accts · $605K emplr
2020$2.0M · 110 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,314
Investment management$18,490
Audit (IQPA)$23,500
Total administrative$82,304
The P3 Health Group Management, LLC 401(k) match · 2024
Employer contribution per active participant$2,511
Median for plans this size$2,416
2024$2,511 per active participant
2023$2,599 per active participant
2022$1,322 per active participant

P3 Health Group Management, LLC'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$40,314
MOSS ADAMS LLP · Accounting / audit$23,500
BKSFINANCIALINVESTMENTSLLC · Investment advisory (plan)$15,186

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2024$82,304 · 0.73%
2023$79,772 · 1.13%
2022$29,289 · 0.72%
2020$2,840 · 0.14%
Same employer
Similar plansHealth Care & Social Assistance · Nevada
Med-Smart, Inc. NV$13.3M · 0.64%
Opportunity Village NV$13.2M · 0.05%
Unlv Medicine NV$11.5M · 1.02%
Absolute Dental Group, LLC NV$10.5M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822335638 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.