Summit Medical Group, PLLC401(k)

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

Summit Medical Group, PLLC reported $448,842 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,065 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 fell from 0.17% to 0.14%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 65th-largest of 1,496 plans among Tennessee employers on file, and the 436th of 11,911 in health care & social assistance. In 2024, the employer put in $1.63 for every $1.00 employees contributed themselves; active participation has grown from 1,344 to 1,829 since 2022.