Plan Ledger DOL Form 5500 · updated monthly

Sandhills Medical Foundation, Inc.401(k)

SANDHILLS MEDICAL FOUNDATION RETIREMENT PLAN · MCBEE, SC · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Sandhills Medical Foundation, Inc. reported $20,350 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $978 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 0.10% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in South Carolina (588th of 807), and 9,972nd of 11,654 in professional & technical services. In 2024, employees put in $2.62 for every $1.00 the employer contributed; active participation has grown from 125 to 173 since 2022.

Plan summary
Net assets, end of year$4,528,867
Participants with balances196
Active participants173
Employer contributions$169,126
Employee contributions$442,435
Employer contribution per active participant$978
Average account balance$23,106
Benefits paid to participants$200,479
Plan auditUnmodified (clean) audit opinion
AuditorLOVE BAILEY CPA
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 196 accts · $169K emplr
2023$3.5M · 185 accts · $127K emplr
2022$3.1M · 111 accts · $157K emplr
The Sandhills Medical Foundation, Inc. 401(k) match · 2024
Employer contribution per active participant$978
Median for plans this size$1,313
2024$978 per active participant
2023$884 per active participant
2022$1,257 per active participant

Sandhills Medical Foundation, Inc.'s 2024 employer contribution ran below 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.

Administrative cost history3
2024$20,350 · 0.51%
2023$3,934 · 0.12%
2022$3,343 · 0.10%
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Source: U.S. Department of Labor, Form 5500 series, EIN 570672342 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.