Plan Ledger DOL Form 5500 · updated monthly

Raleigh Neurology Associates, P.A.401(k)

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

Reported admin expense ratio · 2024
0.50%

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

Raleigh Neurology Associates, P.A. reported $249,409 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,918 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 0.50%. 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 360th-largest of 2,005 plans among North Carolina employers on file, and the 1,785th of 11,911 in health care & social assistance. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$52,887,252
Participants with balances332
Active participants217
Employer contributions$1,718,155
Employee contributions$1,432,674
Employer contribution per active participant$7,918
Average account balance$159,299
Benefits paid to participants$4,176,291
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$52.9M · 332 accts · $1.7M emplr
2023$46.8M · 341 accts · $1.5M emplr
2022$40.5M · 417 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$202,814
Investment management$46,595
Total administrative$249,409
The Raleigh Neurology Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$7,918
Median for plans this size$2,416
2024$7,918 per active participant
2023$6,688 per active participant
2022$6,678 per active participant

Raleigh Neurology Associates, P.A.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK · Recordkeeping$976

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$249,409 · 0.50%
2023$227,719 · 0.52%
2022$209,595 · 0.48%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Delaney Radiologists, P.A. NC$55.7M · 0.46%
Kernodle Clinic, Inc. NC$47.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562002729 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.