Plan Ledger DOL Form 5500 · updated monthly

Shoals Primary Care, LLC401(k)

SHOALS PRIMARY CARE RETIREMENT PLAN · SHEFFIELD, AL · plan year 2023

Reported admin expense ratio · 2023
0.22%

Shoals Primary Care, LLC reported $2,703 in plan administrative expenses for 2023: 0.22% of average plan assets, below the peer median. 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 4 years on file its reported administrative ratio fell from 0.55% to 0.22%. 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 Alabama (835th of 902), and 10,576th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,369,825
Participants with balances81
Active participants100
Employer contributions—
Employee contributions$158,935
Employer contribution per active participant—
Average account balance$16,911
Benefits paid to participants$24,855
Plan auditDisclaimer of opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP, INC
Plan history4
Yearassets · accounts · employer contribution
2023$1.4M · 81 accts
2022$1.1M · 105 accts
2020$947K · 46 accts
2019$705K · 43 accts
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

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

Administrative cost history4
2023$2,703 · 0.22%
2022$1,154 · 0.10%
2020$3,754 · 0.45%
2019$3,310 · 0.55%
Similar plansHealth Care & Social Assistance · Alabama
Southern Springs AL$1.8M · 1.21%
Hatley Health Care, Inc. AL$1.7M · 0.90%
Community Senior Life AL$1.5M · 1.78%
The Bridge, Inc. AL$1.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270952681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.