Plan Ledger DOL Form 5500 · updated monthly

Southern Cancer Center, PC401(k)

SOUTHERN CANCER CENTER, PC 401(K) PLAN · DAPHNE, AL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Southern Cancer Center, PC reported $15,616 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,648 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 rose from 0.09% to 0.11%. 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 358th-largest of 902 plans among Alabama employers on file, and the 4,451st of 11,911 in health care & social assistance. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 96 to 151 since 2022.

Plan summary
Net assets, end of year$15,196,733
Participants with balances216
Active participants151
Employer contributions$399,855
Employee contributions$788,465
Employer contribution per active participant$2,648
Average account balance$70,355
Benefits paid to participants$1,237,179
Plan auditUnmodified (clean) audit opinion
AuditorPLITZ, WILLIAMS, LAROSA AND CO.
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 216 accts · $400K emplr
2023$13.4M · 212 accts · $372K emplr
2022$11.2M · 141 accts · $751K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,616
Total administrative$15,616
The Southern Cancer Center, PC 401(k) match · 2024
Employer contribution per active participant$2,648
Median for plans this size$2,416
2024$2,648 per active participant
2023$2,496 per active participant
2022$7,823 per active participant

Southern Cancer Center, PC's 2024 employer contribution ran above the $2,416 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.

Administrative cost history3
2024$15,616 · 0.11%
2023$13,640 · 0.11%
2022$10,415 · 0.09%
Similar plansHealth Care & Social Assistance · Alabama
Center for Cancer Care, PC AL$15.4M · 0.38%
Saad Enterprises Inc. AL$14.8M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208097639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.