Plan Ledger DOL Form 5500 · updated monthly

Surgery Partners, Inc.401(k)

SURGERY PARTNERS 401(K) PLAN · BRENTWOOD, TN · plan year 2023

Reported admin expense ratio · 2023
0.20%

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

Surgery Partners, Inc. reported $465,499 in plan administrative expenses for 2023: 0.20% of average plan assets, above the peer median. Employer contributions averaged $657 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 1 year on file its reported administrative ratio fell from 0.29% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 72nd-largest of 1,496 plans among Tennessee employers on file, and the 475th of 11,911 in health care & social assistance. In 2023, employees put in $4.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$314,879,973
Participants with balances4,601
Active participants4,583
Employer contributions$3,012,435
Employee contributions$14,112,402
Employer contribution per active participant$657
Average account balance$68,437
Benefits paid to participants$25,025,595
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history2
Yearassets · accounts · employer contribution
2023$314.9M · 4,601 accts · $3.0M emplr
2022$150.8M · 3,553 accts · $2.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$269,744
Investment management$158,255
Audit (IQPA)$37,500
Total administrative$465,499
The Surgery Partners, Inc. 401(k) match · 2023
Employer contribution per active participant$657
Median for plans this size$3,659
2023$657 per active participant
2022$559 per active participant

Surgery Partners, Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$269,744
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$80,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$78,255
LBMC, PC · Accounting / audit$37,500

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

Administrative cost history2
2023$465,499 · 0.20%
2022$436,252 · 0.29%
All plans at this employer2
SURGERY PARTNERS 401(K) PLAN401(k)
NATIONAL SURGICAL HOSPITALS 401(K) PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Summit Medical Group, PLLC TN$348.1M · 0.14%
National Health Corporation TN$325.3M · 0.07%
Wellpath Holdings, Inc. TN$285.8M · 0.28%
Qhccs, LLC TN$285.6M · 0.15%
Specialtycare, Inc. TN$241.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473620923 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.