Plan Ledger DOL Form 5500 · updated monthly

Raleigh Medical Group, P.A.401(k)

RALEIGH MEDICAL GROUP, P.A. 401(K) PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Raleigh Medical Group, P.A. reported $87,795 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,576 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 0.29% to 0.26%. 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 493rd-largest of 2,005 plans among North Carolina employers on file, and the 2,467th of 11,911 in health care & social assistance. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 251 to 315 since 2022.

Plan summary
Net assets, end of year$34,973,267
Participants with balances265
Active participants315
Employer contributions$811,486
Employee contributions$1,548,745
Employer contribution per active participant$2,576
Average account balance$131,975
Benefits paid to participants$3,360,916
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.0M · 265 accts · $811K emplr
2023$32.0M · 268 accts · $770K emplr
2022$27.8M · 259 accts · $682K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,031
Investment management$52,764
Total administrative$87,795
The Raleigh Medical Group, P.A. 401(k) match · 2024
Employer contribution per active participant$2,576
Median for plans this size$2,416
2024$2,576 per active participant
2023$2,585 per active participant
2022$2,718 per active participant

Raleigh Medical Group, P.A.'s 2024 employer contribution ran above 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 · 20244
NWPS$34,881
SOLLINDA CAPITAL MANAGEMENT · Investment advisory (plan)$28,667
CURI CAPITAL · Investment advisory (plan)$24,098

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$87,795 · 0.26%
2023$58,501 · 0.20%
2022$85,404 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Harnett Health System, Inc. NC$33.8M · 0.16%
Goldsboro Pediatrics, P.A. NC$33.4M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561166754 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.