Plan Ledger DOL Form 5500 · updated monthly

Proactive MD Management Services, LLC401(k)

PROACTIVE MD MANAGEMENT SERVICES 401(K) PROFIT SHARING PLAN AND TRUST · SIMPSONVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
1.31%

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

Proactive MD Management Services, LLC reported $101,621 in plan administrative expenses for 2024: 1.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,618 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 rose from 0.95% to 1.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Carolina (455th of 807), and 6,191st of 11,911 in health care & social assistance. In 2024, employees put in $2.15 for every $1.00 the employer contributed; active participation has grown from 354 to 435 since 2022.

Plan summary
Net assets, end of year$8,645,961
Participants with balances594
Active participants435
Employer contributions$703,643
Employee contributions$1,511,509
Employer contribution per active participant$1,618
Average account balance$14,555
Benefits paid to participants$1,355,688
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 594 accts · $704K emplr
2023$6.8M · 484 accts · $662K emplr
2022$4.1M · 413 accts · $582K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,736
Investment management$28,428
Audit (IQPA)$35,457
Total administrative$101,621
The Proactive MD Management Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,618
Median for plans this size$1,313
2024$1,618 per active participant
2023$1,746 per active participant
2022$1,645 per active participant

Proactive MD Management Services, LLC's 2024 employer contribution ran above the $1,313 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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$37,736
CHERRY BEKAERT LLP · Accounting / audit$35,457
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$28,428

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$101,621 · 1.31%
2023$46,392 · 0.85%
2022$34,788 · 0.95%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
We Are Sharing Hope Sc SC$8.7M · 0.62%
Intramed Plus, Inc. SC$8.5M · 0.55%
Kershawhealth SC$8.3M · 0.17%
Tandem Health Sc SC$8.1M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810960095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.