Plan Ledger DOL Form 5500 · updated monthly

Practice Plus401(k)

PRACTICE PLUS RETIREMENT PLAN · LITTLE ROCK, AR · plan year 2025

Reported admin expense ratio · 2025
0.36%

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

Practice Plus reported $59,902 in plan administrative expenses for 2025: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,632 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 fell from 0.40% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 169th-largest of 456 plans among Arkansas employers on file, and the 4,072nd of 11,911 in health care & social assistance. In 2025, employees put in $2.10 for every $1.00 the employer contributed; active participation has shrunk from 477 to 356 since 2022.

Plan summary
Net assets, end of year$17,420,047
Participants with balances589
Active participants356
Employer contributions$580,871
Employee contributions$1,217,661
Employer contribution per active participant$1,632
Average account balance$29,576
Benefits paid to participants$2,530,671
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$17.4M · 589 accts · $581K emplr
2024$15.5M · 588 accts · $534K emplr
2023$14.1M · 581 accts · $541K emplr
2022$11.8M · 600 accts · $499K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$54,114
Trustee / custodial$5,788
Total administrative$59,902
The Practice Plus 401(k) match · 2025
Employer contribution per active participant$1,632
Median for plans this size$2,666
2025$1,632 per active participant
2024$1,066 per active participant
2023$1,135 per active participant
2022$1,047 per active participant

Practice Plus's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
MILLIMAN, INC. · Recordkeeping · Loan processing$16,276
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$43,626
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year3
2025Milliman
2024Milliman
2023Milliman

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

Administrative cost history4
2025$59,902 · 0.36%
2024$58,623 · 0.40%
2023$47,146 · 0.36%
2022$51,257 · 0.40%
Similar plansHealth Care & Social Assistance · Arkansas
First Step, Inc. AR$16.3M · 0.44%
Families, Inc. AR$12.9M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710678160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.