Plan Ledger DOL Form 5500 · updated monthly

South Carolina Oncology Associates, P. A.401(k)

PROFIT SHARING PLAN & TRUST OF SOUTH CAROLINA ONCOLOGY ASSOCIATES, P. A. · COLUMBIA, SC · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

South Carolina Oncology Associates, P. A. reported $274,604 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $14,482 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 0.61% to 0.57%. 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 112th-largest of 807 plans among South Carolina employers on file, and the 1,845th of 11,911 in health care & social assistance. In 2024, the employer put in $4.94 for every $1.00 employees contributed themselves; active participation has grown from 188 to 209 since 2022.

Plan summary
Net assets, end of year$51,013,556
Participants with balances291
Active participants209
Employer contributions$3,026,712
Employee contributions$613,295
Employer contribution per active participant$14,482
Average account balance$175,304
Benefits paid to participants$2,922,896
Plan auditUnmodified (clean) audit opinion
AuditorTHE HOBBS GROUP, PA
Plan history3
Yearassets · accounts · employer contribution
2024$51.0M · 291 accts · $3.0M emplr
2023$44.8M · 268 accts · $2.9M emplr
2022$37.1M · 250 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$274,604
Total administrative$274,604
The South Carolina Oncology Associates, P. A. 401(k) match · 2024
Employer contribution per active participant$14,482
Median for plans this size$2,416
2024$14,482 per active participant
2023$14,268 per active participant
2022$13,558 per active participant

South Carolina Oncology 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 · 20243
MERRILL LYNCH PIERCE FENNER & · Investment advisory (plan)$47,626
ASCENSUS HOLDINGS INC DBA · Contract administrator$35,936

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$274,604 · 0.57%
2023$246,060 · 0.60%
2022$241,362 · 0.61%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Lexington Health Inc. SC$92.7M · 0.47%
Musc Health Partners SC$50.7M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570787600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.