Plan Ledger DOL Form 5500 · updated monthly

Primehealth Physicians, LLC401(k)

PRIMEHEALTH PHYSICIANS, LLC 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Primehealth Physicians, LLC reported $89,861 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,227 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 0.58%. 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 1,289th-largest of 3,644 plans among Florida employers on file, and the 4,230th of 11,911 in health care & social assistance. In 2024, employees put in $3.05 for every $1.00 the employer contributed; active participation has shrunk from 194 to 166 since 2022.

Plan summary
Net assets, end of year$16,392,513
Participants with balances155
Active participants166
Employer contributions$369,610
Employee contributions$1,125,718
Employer contribution per active participant$2,227
Average account balance$105,758
Benefits paid to participants$1,846,781
Plan auditUnmodified (clean) audit opinion
AuditorLERROSARBEY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 155 accts · $370K emplr
2023$14.7M · 163 accts · $426K emplr
2022$10.6M · 159 accts · $386K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,459
Investment management$42,530
Trustee / custodial$6,872
Total administrative$89,861
The Primehealth Physicians, LLC 401(k) match · 2024
Employer contribution per active participant$2,227
Median for plans this size$2,416
2024$2,227 per active participant
2023$2,329 per active participant
2022$1,990 per active participant

Primehealth Physicians, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
INGHAM & COMPANY · Contract administrator · Recordkeeping$82,989
CHARLES SCHWAB BANK · Custodial (securities)$6,872

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

Recordkeeper by year2
2024INGHAM & COMPANY
2023INGHAM & COMPANY

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Administrative cost history3
2024$89,861 · 0.58%
2023$74,743 · 0.59%
2022$66,069 · 0.61%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Pensacola Pediatrics PA FL$16.4M · 0.21%
Premier Dermatology, LLC FL$16.4M · 0.51%
Healthmap Solutions, Inc. FL$16.1M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320349690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.