Plan Ledger DOL Form 5500 · updated monthly

Pinehurst Medical Clinic, Inc.401(k)

PINEHURST MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN · PINEHURST, NC · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Pinehurst Medical Clinic, Inc. reported $195,624 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $7,212 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 fell from 0.15% to 0.14%. 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 151st-largest of 2,005 plans among North Carolina employers on file, and the 781st of 11,911 in health care & social assistance. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves; active participation has grown from 721 to 823 since 2022.

Plan summary
Net assets, end of year$152,874,452
Participants with balances1,200
Active participants823
Employer contributions$5,935,309
Employee contributions$4,044,295
Employer contribution per active participant$7,212
Average account balance$127,395
Benefits paid to participants$6,296,338
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$152.9M · 1,200 accts · $5.9M emplr
2023$131.2M · 1,095 accts · $5.3M emplr
2022$107.5M · 942 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,249
Investment management$128,375
Total administrative$195,624
The Pinehurst Medical Clinic, Inc. 401(k) match · 2024
Employer contribution per active participant$7,212
Median for plans this size$3,635
2024$7,212 per active participant
2023$6,614 per active participant
2022$6,438 per active participant

Pinehurst Medical Clinic, Inc.'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 · 20248
MILLSTONE ADVISORY PARTNERS · Investment advisory (participants) · Investment advisory (plan)$57,929
FIRST CITIZENS BANK & TRUST · Investment advisory (participants) · Investment advisory (plan)$47,000
GEORGE OSCHMANN · Investment advisory (participants) · Investment advisory (plan)$30,265
THE VANGUARD GROUP, INC · Investment advisory (participants) · Investment advisory (plan)$20,938
STEPHEN LINDON THOMAS · Investment advisory (participants) · Investment advisory (plan)$18,026
QRPS, INC · Investment advisory (participants) · Investment advisory (plan)$12,375
PETER SARGENT · Investment advisory (participants) · Investment advisory (plan)indirect comp
HS DREHER CAPITAL MGMT · Investment advisory (participants) · Investment advisory (plan)indirect comp

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$195,624 · 0.14%
2023$190,728 · 0.16%
2022$173,767 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Piedmont Healthcare, P.A. NC$177.0M · 0.12%
Wilmington Health, PLLC NC$166.3M · 0.32%
Allergy Partners, PLLC NC$136.5M · 0.14%
Eastern Radiologists, Inc. NC$132.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560942980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.