Plan Ledger DOL Form 5500 · updated monthly

Southern Maryland Hospital, Inc.401(k)

PRO FLEX PHYSICAL THERAPY 401(K) PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Southern Maryland Hospital, Inc. reported $21,282 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $558 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 0.06% to 0.13%. 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 1,115th-largest of 2,266 plans among Virginia employers on file, and the 4,212th of 11,911 in health care & social assistance. In 2024, employees put in $3.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,476,036
Participants with balances173
Active participants93
Employer contributions$51,859
Employee contributions$193,792
Employer contribution per active participant$558
Average account balance$95,237
Benefits paid to participants$1,497,269
Plan auditUnmodified (clean) audit opinion
AuditorKIMBERLY F PALMISANO CPA PA
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 173 accts · $52K emplr
2023$15.3M · 193 accts · $59K emplr
2022$13.5M · 199 accts · $29K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,282
Total administrative$21,282
The Southern Maryland Hospital, Inc. 401(k) match · 2024
Employer contribution per active participant$558
Median for plans this size$2,416
2024$558 per active participant
2023$567 per active participant
2022$281 per active participant

Southern Maryland Hospital, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20245
RBC WEALTH MANAGEMENT · Investment advisory (plan)$23,494
R.L. COMPTON & ASSOCIATES INC · Contract administrator$18,682
EMPOWER ADVISED ASSETS GROUP, LLC · Investment management$12,494
KIMBERLY F PALMISANO, CPA, PA · Accounting / audit$10,700

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$21,282 · 0.13%
2023$18,228 · 0.13%
2022$8,707 · 0.06%
Similar plansHealth Care & Social Assistance · Virginia
Sunnyside Presbyterian Home VA$18.0M · 0.52%
Partnermd, LLC VA$17.9M · 0.38%
Community Residences, Inc VA$16.7M · 0.30%
Ncgcare, Inc. VA$15.1M · 0.80%
Buchanan General Hospital VA$15.1M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521157796 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.