Plan Ledger DOL Form 5500 · updated monthly

Piedmont Healthcare, P.A.401(k)

PIEDMONT HEALTHCARE EMPLOYEES' 401K PLAN AND TRUST · STATESVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Piedmont Healthcare, P.A. reported $209,723 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $7,327 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 3 years on file its reported administrative ratio has held roughly steady near 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 131st-largest of 2,005 plans among North Carolina employers on file, and the 701st of 11,911 in health care & social assistance. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$176,952,334
Participants with balances1,305
Active participants871
Employer contributions$6,381,659
Employee contributions$5,288,499
Employer contribution per active participant$7,327
Average account balance$135,596
Benefits paid to participants$21,695,432
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS, AND INGRAM LLC
Plan history3
Yearassets · accounts · employer contribution
2024$177.0M · 1,305 accts · $6.4M emplr
2023$164.1M · 1,335 accts · $5.8M emplr
2022$143.1M · 1,237 accts · $5.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,373
Investment management$149,350
Audit (IQPA)$19,000
Total administrative$209,723
The Piedmont Healthcare, P.A. 401(k) match · 2024
Employer contribution per active participant$7,327
Median for plans this size$3,635
2024$7,327 per active participant
2023$6,755 per active participant
2022$6,629 per active participant

Piedmont Healthcare, P.A.'s 2024 employer contribution ran above the $3,635 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.

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
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Custodial (securities)$48,943
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$149,350
CARR, RIGGS, & INGRAM · Accounting / audit$19,000
GILLIAM BELL MOSER LLP · Accounting / audit$11,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$209,723 · 0.12%
2023$202,332 · 0.13%
2022$195,926 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Orthocarolina, P.A. NC$408.4M · 0.07%
Affordable Care, LLC NC$235.2M · 0.20%
Emergeortho PA NC$213.8M · 0.08%
Wilmington Health, PLLC NC$166.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561965983 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.