Plan Ledger DOL Form 5500 · updated monthly

Southcoast Medical Group, LLC401(k)

SOUTHCOAST MEDICAL GROUP, LLC PROFIT SHARING 401(K) PLAN · SAVANNAH, GA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Southcoast Medical Group, LLC reported $127,128 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $4,104 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 0.26% to 0.19%. 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 358th-largest of 2,160 plans among Georgia employers on file, and the 1,426th of 11,911 in health care & social assistance. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$71,110,983
Participants with balances696
Active participants446
Employer contributions$1,830,543
Employee contributions$2,867,588
Employer contribution per active participant$4,104
Average account balance$102,171
Benefits paid to participants$4,329,662
Plan auditUnmodified (clean) audit opinion
AuditorCAINES, HODGES & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$71.1M · 696 accts · $1.8M emplr
2023$62.2M · 658 accts · $1.6M emplr
2022$51.9M · 626 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$127,128
Total administrative$127,128
The Southcoast Medical Group, LLC 401(k) match · 2024
Employer contribution per active participant$4,104
Median for plans this size$3,635
2024$4,104 per active participant
2023$3,624 per active participant
2022$4,004 per active participant

Southcoast Medical Group, LLC's 2024 employer contribution ran above the $3,635 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.

Service providers · 20245
CAINES, HODGES & COMPANY, P.C.$17,300
VOYA RETIREMENT INS AND ANNUITY CO · Investment advisory (participants) · Investment managementindirect comp
DEFINITI, LLC · Other servicesindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp
VOYA RETIREMENT ADVISORS LLC · Investment advisory (participants)indirect comp

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$127,128 · 0.19%
2023$105,646 · 0.19%
2022$147,978 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Mariner Health Care GA$75.2M · 0.35%
Pt Solutions Holdings, LLC GA$65.4M · 0.64%
Hmmg, LLC GA$60.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582194871 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.