Plan Ledger DOL Form 5500 · updated monthly

Premier Medical Associates, P.C.401(k)

PREMIER MEDICAL ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN · PITTSBURGH, PA · plan year 2023

Reported admin expense ratio · 2023
0.00%

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

Premier Medical Associates, P.C. reported $850 in plan administrative expenses for 2023: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,932 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 1 year on file its reported administrative ratio fell from 0.003% to 0.001%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 567th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,303rd of 11,911 in health care & social assistance. In 2023, employees put in $1.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$78,893,547
Participants with balances436
Active participants391
Employer contributions$755,417
Employee contributions$762,100
Employer contribution per active participant$1,932
Average account balance$180,949
Benefits paid to participants$11,891,608
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$78.9M · 436 accts · $755K emplr
2022$75.7M · 473 accts · $2.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$850
Total administrative$850
The Premier Medical Associates, P.C. 401(k) match · 2023
Employer contribution per active participant$1,932
Median for plans this size$3,659
2023$1,932 per active participant
2022$4,881 per active participant

Premier Medical Associates, P.C.'s 2023 employer contribution ran below the $3,659 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$925
RAYMOND JAMES & ASSOCIATES INCindirect 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
2024Not separately reported
2023$850 · 0.00%
2022$2,375 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Community Behavioral Health PA$79.2M · 0.50%
Wayne Memorial Hospital PA$78.8M · 0.32%
Elwyn PA$73.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251742869 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.