Plan Ledger DOL Form 5500 · updated monthly

Piedmont Plastic Surgery & Dermatology, P.A401(k)

PIEDMONT PLASTIC SURGERY, P.A. 401(K) PLAN · GASTONIA, NC · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Piedmont Plastic Surgery & Dermatology, P.A reported $11,095 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,883 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 0.023%. 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 361st-largest of 2,005 plans among North Carolina employers on file, and the 1,787th of 11,911 in health care & social assistance. In 2024, the employer put in $1.50 for every $1.00 employees contributed themselves; active participation has shrunk from 499 to 431 since 2022.

Plan summary
Net assets, end of year$52,850,725
Participants with balances506
Active participants431
Employer contributions$2,535,435
Employee contributions$1,690,600
Employer contribution per active participant$5,883
Average account balance$104,448
Benefits paid to participants$1,898,406
Plan auditUnmodified (clean) audit opinion
AuditorMCCANNONN, ROGERS, DRISCOLL
Plan history3
Yearassets · accounts · employer contribution
2024$52.9M · 506 accts · $2.5M emplr
2023$43.5M · 643 accts · $2.5M emplr
2022$33.9M · 532 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,095
Total administrative$11,095
The Piedmont Plastic Surgery & Dermatology, P.A 401(k) match · 2024
Employer contribution per active participant$5,883
Median for plans this size$2,416
2024$5,883 per active participant
2023$4,271 per active participant
2022$4,350 per active participant

Piedmont Plastic Surgery & Dermatology, P.A's 2024 employer contribution ran above the $2,416 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 · 20242
THE VANGUARD GROUP · Accounting / audit · Recordkeeping$29,325
ASCENSUS$16,400

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$11,095 · 0.02%
2023$1,055 · 0.00%
2022$8,690 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Kernodle Clinic, Inc. NC$47.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561881165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.