Plan Ledger DOL Form 5500 · updated monthly

Phoenix Healthcare Management Services, Inc.401(k)

PHOENIX HEALTHCARE MANAGEMENT SERVICES, INC. 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Phoenix Healthcare Management Services, Inc. reported $80,695 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,120 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 0.55% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,031st-largest of 2,160 plans among Georgia employers on file, and the 786th of 2,534 in administrative & support services. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,510,890
Participants with balances171
Active participants168
Employer contributions$524,172
Employee contributions$852,596
Employer contribution per active participant$3,120
Average account balance$84,859
Benefits paid to participants$1,618,242
Plan auditUnmodified (clean) audit opinion
AuditorDRAFFIN TUCKER
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 171 accts · $524K emplr
2023$13.3M · 185 accts · $504K emplr
2022$11.8M · 201 accts · $474K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,695
Total administrative$80,695
The Phoenix Healthcare Management Services, Inc. 401(k) match · 2024
Employer contribution per active participant$3,120
Median for plans this size$2,416
2024$3,120 per active participant
2023$3,270 per active participant
2022$2,617 per active participant

Phoenix Healthcare Management Services, Inc.'s 2024 employer contribution ran above 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$71,242
ORENDA RETIREMENT LLC · Contract administrator · Other services$9,461
RESOURCE INVESTMENT ADVSIORS · Investment advisory (plan)indirect comp

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$80,695 · 0.58%
2023$72,677 · 0.58%
2022$67,878 · 0.55%
Same employer
Similar plansAdministrative & Support Services · Georgia
Mau Inc. GA$15.1M · 0.40%
Spear Group, LLC GA$14.7M · 0.11%
Momentum Resources, Inc. GA$12.5M · 0.57%
Pbd, Inc. GA$12.4M · 0.10%
The Intersect Group, LLC GA$12.2M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582002963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.