Plan Ledger DOL Form 5500 · updated monthly

Palmetto Primary Care Physicians, LLC401(k)

PALMETTO PRIMARY CARE PHYSICIANS, LLC 401(K) PROFIT SHARING · NORTH CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Palmetto Primary Care Physicians, LLC reported $108,602 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $2,270 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 0.21% to 0.20%. 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 95th-largest of 807 plans among South Carolina employers on file, and the 1,655th of 11,911 in health care & social assistance. In 2024, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,262,408
Participants with balances512
Active participants563
Employer contributions$1,277,766
Employee contributions$1,918,469
Employer contribution per active participant$2,270
Average account balance$113,794
Benefits paid to participants$5,436,682
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$58.3M · 512 accts · $1.3M emplr
2023$52.6M · 487 accts · $925K emplr
2022$47.0M · 499 accts · $767K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,545
Investment management$57,057
Total administrative$108,602
The Palmetto Primary Care Physicians, LLC 401(k) match · 2024
Employer contribution per active participant$2,270
Median for plans this size$3,635
2024$2,270 per active participant
2023$1,542 per active participant
2022$1,233 per active participant

Palmetto Primary Care Physicians, LLC's 2024 employer contribution ran below 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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$51,545
CAROLINA QUALIFIED RETIREMENT PLAN · Investment advisory (plan)$57,057

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$108,602 · 0.20%
2023$105,340 · 0.21%
2022$110,051 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Lexington Health Inc. SC$92.7M · 0.47%
Musc Health Partners SC$50.7M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571056849 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.