Plan Ledger DOL Form 5500 · updated monthly

South Louisiana Medical Associates401(k)

SLMA RETIREMENT SAVINGS PLAN · HOUMA, LA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

South Louisiana Medical Associates reported $8,472 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,684 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 0.012% to 0.009%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 66th-largest of 884 plans among Louisiana employers on file, and the 1,134th of 11,911 in health care & social assistance. In 2024, the employer put in $1.65 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$96,331,793
Participants with balances341
Active participants182
Employer contributions$2,672,570
Employee contributions$1,616,043
Employer contribution per active participant$14,684
Average account balance$282,498
Benefits paid to participants$5,474,355
Plan auditUnmodified (clean) audit opinion
AuditorMAULDIN & JENKINS,LLC
Plan history3
Yearassets · accounts · employer contribution
2024$96.3M · 341 accts · $2.7M emplr
2023$86.3M · 338 accts · $2.4M emplr
2022$73.0M · 337 accts · $2.7M emplr
The South Louisiana Medical Associates 401(k) match · 2024
Employer contribution per active participant$14,684
Median for plans this size$3,635
2024$14,684 per active participant
2023$12,925 per active participant
2022$15,443 per active participant

South Louisiana Medical Associates's 2024 employer contribution ran above the $3,635 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
THE VANGUARD GROUP, INC. · Recordkeeping · Custodial (securities)$8,892

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$8,472 · 0.01%
2023$8,233 · 0.01%
2022$8,729 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana
Highland Clinic, a P.M.C. LA$86.8M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720839724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.