Plan Ledger DOL Form 5500 · updated monthly

Park Place Surgery Center, LLC401(k)

PARK PLACE SURGICAL HOSPITAL 401K PLAN AND TRUST · LAFAYETTE, LA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Park Place Surgery Center, LLC reported $70,719 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,519 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 3 years on file its reported administrative ratio has held roughly steady near 0.65%. 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 384th-largest of 884 plans among Louisiana employers on file, and the 5,198th of 11,911 in health care & social assistance. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,837,895
Participants with balances183
Active participants226
Employer contributions$343,346
Employee contributions$684,805
Employer contribution per active participant$1,519
Average account balance$64,688
Benefits paid to participants$343,483
Plan auditUnmodified (clean) audit opinion
AuditorDARNALL, SIKES, & FREDERICK
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 183 accts · $343K emplr
2023$9.9M · 173 accts · $237K emplr
2022$7.8M · 175 accts · $211K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,690
Investment management$29,029
Total administrative$70,719
The Park Place Surgery Center, LLC 401(k) match · 2024
Employer contribution per active participant$1,519
Median for plans this size$2,416
2024$1,519 per active participant
2023$1,108 per active participant
2022$960 per active participant

Park Place Surgery Center, LLC's 2024 employer contribution ran below 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 · 20241
JOHN HANCOCK · Recordkeeping$2,272

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$70,719 · 0.65%
2023$64,085 · 0.72%
2022$56,640 · 0.67%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana
No/Aids Task Force LA$13.3M · 0.14%
Lsu Healthcare Network LA$12.5M · 0.23%
St. Joseph Holdings, LLC LA$11.6M · 1.18%
Nmc Operating Company, LLC LA$11.5M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 721404092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.