Plan Ledger DOL Form 5500 · updated monthly

Southlake Orthopaedics Sports Medicine & Spine Center, P.C.Profit-sharing plan

SOUTHLAKE ORTHOPAEDICS SPORTS MEDICINE & SPINE CENTER PROFIT SHARING PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.32%

Southlake Orthopaedics Sports Medicine & Spine Center, P.C. reported $49,903 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. 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 3 years on file its reported administrative ratio has held roughly steady near 0.32%. 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 347th-largest of 902 plans among Alabama employers on file, and the 4,294th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$16,072,487
Participants with balances112
Active participants0
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$143,504
Benefits paid to participants$853,853
Plan history4
Yearassets · accounts · employer contribution
2025—
2024$16.1M · 112 accts
2023$15.4M · 136 accts · $814K emplr
2022$13.8M · 155 accts · $744K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,910
Investment management$6,998
Total administrative$49,903
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
PRINCIPAL LIFE INSRUANCE COMPANY · Contract administrator$26,985
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$21,986
PEARCE BEVILL LEESBURG MOORE PC · Contract administrator · Other services$925

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

Administrative cost history4
2025Not separately reported
2024$49,903 · 0.32%
2023$47,373 · 0.32%
2022$46,543 · 0.33%
Same employer
Similar plansHealth Care & Social Assistance · Alabama
Center for Cancer Care, PC AL$15.4M · 0.38%
Southern Cancer Center, PC AL$15.2M · 0.11%
Saad Enterprises Inc. AL$14.8M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721353855 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.