Plan Ledger DOL Form 5500 · updated monthly

Piedmont Health Services, Inc403(b)

PIEDMONT HEALTH SERVICES, INC. RETIREMENT PLAN · CHAPEL HILL, NC · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Piedmont Health Services, Inc reported $230,046 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,222 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 0.51% to 0.56%. 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 423rd-largest of 2,005 plans among North Carolina employers on file, and the 2,104th of 11,911 in health care & social assistance. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,157,565
Participants with balances820
Active participants604
Employer contributions$1,946,194
Employee contributions$2,331,548
Employer contribution per active participant$3,222
Average account balance$52,631
Benefits paid to participants$5,627,889
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$43.2M · 820 accts · $1.9M emplr
2023$39.4M · 837 accts · $1.4M emplr
2022$33.0M · 848 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,425
Investment management$123,621
Total administrative$230,046
Employer contributions to the Piedmont Health Services, Inc plan · 2024
Employer contribution per active participant$3,222
Median for plans this size$2,416
2024$3,222 per active participant
2023$2,458 per active participant
2022$2,871 per active participant

Piedmont Health 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$106,425
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$123,621
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect 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
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$230,046 · 0.56%
2023$215,043 · 0.59%
2022$184,145 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Kernodle Clinic, Inc. NC$47.0M · 0.08%
Hillco, LTD. NC$41.9M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560952737 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.