Plan Ledger DOL Form 5500 · updated monthly

Sc Internal Medicine Associates & Rehabilitation LLC.401(k)

SC INTERNAL MEDICINE & REHABILITATION 401(K) PROFIT SHARING PLAN · IRMO, SC · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

Sc Internal Medicine Associates & Rehabilitation LLC. reported $13,927 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,904 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 1 year on file its reported administrative ratio fell from 0.24% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Carolina (517th of 807), and 6,935th of 11,911 in health care & social assistance. In 2023, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,854,680
Participants with balances81
Active participants99
Employer contributions$188,512
Employee contributions$393,508
Employer contribution per active participant$1,904
Average account balance$84,626
Benefits paid to participants$216,351
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT, PIETRAS & STORMER, P.A.
Plan history2
Yearassets · accounts · employer contribution
2023$6.9M · 81 accts · $189K emplr
2022$5.3M · 103 accts · $190K emplr
Administrative expenses, itemized · 2023
Investment management$13,927
Total administrative$13,927
The Sc Internal Medicine Associates & Rehabilitation LLC. 401(k) match · 2023
Employer contribution per active participant$1,904
Median for plans this size$1,308
2023$1,904 per active participant
2022$2,288 per active participant

Sc Internal Medicine Associates & Rehabilitation LLC.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$13,927

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

Administrative cost history2
2023$13,927 · 0.23%
2022$13,695 · 0.24%
Similar plansHealth Care & Social Assistance · South Carolina
Vikor Scientific, LLC SC$7.9M · 0.73%
Berkeley Citizens, Inc SC$7.1M · 0.57%
Anmed Health Plan, Inc. SC$7.1M · 0.09%
Liberty Doctors, LLC SC$5.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562124971 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.