Plan Ledger DOL Form 5500 · updated monthly

Physicians Primary Care of Southwest Florida, P.L.401(k)

PHYSICIANS PRIMARY CARE OF SOUTHWEST FLORIDA, P.L. 401(K) PROFIT SHARING PLAN AND TRUST · FORT MYERS, FL · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Physicians Primary Care of Southwest Florida, P.L. reported $74,909 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,833 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 0.25% to 0.26%. 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 819th-largest of 3,644 plans among Florida employers on file, and the 2,791st of 11,911 in health care & social assistance. In 2024, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,831,188
Participants with balances188
Active participants225
Employer contributions$637,466
Employee contributions$1,260,212
Employer contribution per active participant$2,833
Average account balance$158,677
Benefits paid to participants$3,059,720
Plan auditUnmodified (clean) audit opinion
AuditorHSC/TUSCAN & COMPANY, PA
Plan history3
Yearassets · accounts · employer contribution
2024$29.8M · 188 accts · $637K emplr
2023$27.2M · 192 accts · $589K emplr
2022$25.6M · 190 accts · $556K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,909
Total administrative$74,909
The Physicians Primary Care of Southwest Florida, P.L. 401(k) match · 2024
Employer contribution per active participant$2,833
Median for plans this size$2,416
2024$2,833 per active participant
2023$2,816 per active participant
2022$2,648 per active participant

Physicians Primary Care of Southwest Florida, P.L.'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 · 20244
EVERHART FINANCIAL GROUP INC · Investment advisory (plan)$44,468
PROGRESSIVE PENSION ADMIN., INC. · Contract administrator$15,296
EMPOWER ADVISORY GROUP, LLC · Investment management$9,399

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$74,909 · 0.26%
2023$67,860 · 0.26%
2022$70,639 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Miami Jewish Health Systems FL$30.3M · 0.28%
Novelle Health, LLC FL$29.4M · 0.35%
Childnet, Inc. FL$28.9M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650603006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.