Plan Ledger DOL Form 5500 · updated monthly

Palm Beach Orthopaedic Institute, P.A.401(k)

PALM BEACH ORTHOPAEDIC INSTITUTE, P.A. 401(K) PLAN · PALM BEACH GARDENS, FL · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Palm Beach Orthopaedic Institute, P.A. reported $96,438 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $11,335 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 0.37% to 0.44%. 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 1,014th-largest of 3,644 plans among Florida employers on file, and the 3,345th of 11,911 in health care & social assistance. In 2024, the employer put in $3.05 for every $1.00 employees contributed themselves; active participation has grown from 69 to 96 since 2022.

Plan summary
Net assets, end of year$22,965,484
Participants with balances88
Active participants96
Employer contributions$1,088,159
Employee contributions$357,226
Employer contribution per active participant$11,335
Average account balance$260,971
Benefits paid to participants$2,250,628
Plan auditUnmodified (clean) audit opinion
AuditorHOLYFIELD THOMAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 88 accts · $1.1M emplr
2023$21.0M · 113 accts · $1.0M emplr
2022$17.2M · 104 accts · $921K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,538
Investment management$896
Total administrative$96,438
The Palm Beach Orthopaedic Institute, P.A. 401(k) match · 2024
Employer contribution per active participant$11,335
Median for plans this size$2,416
2024$11,335 per active participant
2023$12,943 per active participant
2022$13,353 per active participant

Palm Beach Orthopaedic Institute, 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,787
NA FALCONE & ASSOCIATES INC · Consulting$5,681

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$96,438 · 0.44%
2023$66,000 · 0.35%
2022$70,596 · 0.37%
Similar plansHealth Care & Social Assistance · Florida
Intelident Solutions, Inc. FL$22.9M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650327403 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.