Plan Ledger DOL Form 5500 · updated monthly

Performance Physical Therapy Management, LLC401(k)

HIGHBAR 401(K) PLAN · PROVIDENCE, RI · plan year 2024

Reported admin expense ratio · 2024
1.17%

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

Performance Physical Therapy Management, LLC reported $125,429 in plan administrative expenses for 2024: 1.17% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,458 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.

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 among the smaller plans on file in Rhode Island (160th of 286), and the 5,180th of 11,911 in health care & social assistance. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,897,034
Participants with balances249
Active participants276
Employer contributions$402,299
Employee contributions$923,576
Employer contribution per active participant$1,458
Average account balance$47,779
Benefits paid to participants$655,501
Plan auditUnmodified (clean) audit opinion
AuditorMCBIZ CPA'S P.C.
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,648
Investment management$60,781
Total administrative$125,429
The Performance Physical Therapy Management, LLC 401(k) match · 2024
Employer contribution per active participant$1,458
Median for plans this size$2,416

Performance Physical Therapy Management, 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 · 20242
UBS FINANCIAL SERVICES INC · Investment advisory (participants)$60,781

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

Administrative cost history1
2024$125,429 · 1.17%
Similar plansHealth Care & Social Assistance · Rhode Island
Refocus, Inc. RI$13.7M · 0.03%
Crossroads Rhode Island RI$10.1M · 0.63%
Edesia, Inc. RI$9.1M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873762556 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.