Plan Ledger DOL Form 5500 · updated monthly

Sp Practice Management, LLC401(k)

SURGERY PARTNERS MEP 401(K) PLAN · NASHVILLE, TN · plan year 2022

Reported admin expense ratio · 2022
0.15%

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

Sp Practice Management, LLC reported $40,299 in plan administrative expenses for 2022: 0.15% of average plan assets, below the peer median. Employer contributions averaged $2,921 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 $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 395th-largest of 1,496 plans among Tennessee employers on file, and the 2,647th of 11,911 in health care & social assistance. In 2022, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,782,854
Participants with balances286
Active participants250
Employer contributions$730,301
Employee contributions$999,592
Employer contribution per active participant$2,921
Average account balance$111,129
Benefits paid to participants$1,130,465
Plan auditUnmodified (clean) audit opinion
AuditorLBMC
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $725K emplr
2022$31.8M · 286 accts · $730K emplr
Administrative expenses, itemized · 2022
Investment management$6,278
Total administrative$40,299
The Sp Practice Management, LLC 401(k) match · 2022
Employer contribution per active participant$2,921
Median for plans this size$2,266

Sp Practice Management, LLC's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$40,299 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Urgent Care Group, LLC TN$35.1M · 0.92%
Traditions Health, LLC TN$31.0M · 0.64%
Qualderm Partners, LLC TN$30.6M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475648184 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.