Plan Ledger DOL Form 5500 · updated monthly

Physicians Laboratory, P.C.401(k)

PHYSICIANS LABORATORY PROFIT SHARING 401(K) RETIREMENT PLAN · OMAHA, NE · plan year 2023

Reported admin expense ratio · 2023
0.32%

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

Physicians Laboratory, P.C. reported $41,007 in plan administrative expenses for 2023: 0.32% of average plan assets, above the peer median. Employer contributions averaged $996 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 0.10% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Nebraska (331st of 565), and the 4,873rd of 11,911 in health care & social assistance. In 2023, employees put in $3.42 for every $1.00 the employer contributed; active participation has shrunk from 117 to 105 since 2022.

Plan summary
Net assets, end of year$13,184,497
Participants with balances102
Active participants105
Employer contributions$104,613
Employee contributions$357,544
Employer contribution per active participant$996
Average account balance$129,260
Benefits paid to participants$1,418,403
Plan auditUnmodified (clean) audit opinion
AuditorMASIMORE, MAGNUSON & ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 109 accts · $100K emplr
2023$13.2M · 102 accts · $105K emplr
2022$12.2M · 115 accts · $109K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,007
Total administrative$41,007
The Physicians Laboratory, P.C. 401(k) match · 2023
Employer contribution per active participant$996
Median for plans this size$2,440
2024$717 per active participant
2023$996 per active participant
2022$936 per active participant

Physicians Laboratory, P.C.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK USA · Recordkeeping · Investment management$244
QUALIFIED PLAN CONSULTANTS, LLC · Pension consultingindirect comp

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$38,641 · 0.30%
2023$41,007 · 0.32%
2022$12,840 · 0.10%
Similar plansHealth Care & Social Assistance · Nebraska
Heartland Family Service NE$13.3M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470535862 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.