Phymed Management, LLC401(k)
PHYMED MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN · NASHVILLE, TN · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Phymed Management, LLC reported $226,686 in plan administrative expenses for 2022: 0.07% of average plan assets, below the peer median. Employer contributions averaged $26,126 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 rose from 0.07% to 0.31%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 95th-largest of 1,496 plans among Tennessee employers on file, and the 629th of 11,911 in health care & social assistance. In 2022, the employer put in $2.12 for every $1.00 employees contributed themselves.
Phymed Management, LLC's 2022 employer contribution ran above the $4,065 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 621711369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.