Plan Ledger DOL Form 5500 · updated monthly

Southland Medical Group, LLC401(k)

SOUTHLAND MEDICAL GROUP, LLC RETIREMENT SAVINGS PLAN · THOMASVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Southland Medical Group, LLC reported $24,901 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. Employer contributions averaged $4,093 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Georgia (1,626th of 2,160), and 7,939th of 11,911 in health care & social assistance. In 2024, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,949,715
Participants with balances157
Active participants120
Employer contributions$491,215
Employee contributions$721,013
Employer contribution per active participant$4,093
Average account balance$31,527
Benefits paid to participants$86,906
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,023
Investment management$878
Total administrative$24,901
The Southland Medical Group, LLC 401(k) match · 2024
Employer contribution per active participant$4,093
Median for plans this size$1,313

Southland Medical Group, LLC's 2024 employer contribution ran above the $1,313 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$528
WILSHIRE ASSOCIATES, INC (USA) · Investment advisory (participants)$750

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

Administrative cost history1
2024$24,901 · 0.60%
Similar plansHealth Care & Social Assistance · Georgia
The Sheltering Arms GA$5.1M · 0.76%
Cardiovascular Group, LLC GA$5.1M · 0.54%
Oaks Senior Living, LLC GA$4.9M · 1.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 451439212 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.