Plan Ledger DOL Form 5500 · updated monthly

Paragon Anesthesia, P.C.401(k)

PARAGON ANESTHESIA 401(K) PLAN · KINGSPORT, TN · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Paragon Anesthesia, P.C. reported $60,193 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $14,323 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 1 year on file its reported administrative ratio fell from 0.13% to 0.11%. 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 266th-largest of 1,496 plans among Tennessee employers on file, and the 1,727th of 11,911 in health care & social assistance. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$55,176,288
Participants with balances153
Active participants134
Employer contributions$1,919,291
Employee contributions$1,844,983
Employer contribution per active participant$14,323
Average account balance$360,629
Benefits paid to participants$7,136,766
Plan auditUnmodified (clean) audit opinion
AuditorRODEFER MOSS & COMPANY PLLC
Plan history2
Yearassets · accounts · employer contribution
2024$55.2M · 153 accts · $1.9M emplr
2023$50.0M · 140 accts · $2.0M emplr
The Paragon Anesthesia, P.C. 401(k) match · 2024
Employer contribution per active participant$14,323
Median for plans this size$3,635
2024$14,323 per active participant
2023$16,262 per active participant

Paragon Anesthesia, P.C.'s 2024 employer contribution ran above the $3,635 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 · 20245
OSAIC WEALTH INC · Investment advisory (plan)$22,440
CAPITAL GROUP RETIREMENT PLAN$15,394
LPL FINANCIAL LLC · Investment advisory (plan)$11,933
WOODBURY FINANCIAL SERVICES .00 INC · Investment advisory (plan)$10,751
QUALIFIED PLAN ADMINISTRATORS INC · Contract administrator$2,075

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

Administrative cost history2
2024$60,193 · 0.11%
2023$58,112 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Phynet Dermatology, LLC TN$54.6M · 0.42%
Healthstar Physicians PC TN$53.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621091810 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.