Plan Ledger DOL Form 5500 · updated monthly

Surgical Specialists of Charlo401(k)

SURGICAL SPECIALISTS OF CHARLO 401(K) PROFIT SHARING PLAN & TRUST · CHARLOTTE, NC · plan year 2023

Reported admin expense ratio · 2023
0.10%

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

Surgical Specialists of Charlo reported $25,048 in plan administrative expenses for 2023: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,808 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 rose from 0.04% to 0.06%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 588th-largest of 2,005 plans among North Carolina employers on file, and the 4,362nd of 11,654 in professional & technical services. In 2023, the employer put in $1.28 for every $1.00 employees contributed themselves; active participation has shrunk from 104 to 91 since 2022.

Plan summary
Net assets, end of year$28,259,998
Participants with balances121
Active participants91
Employer contributions$983,553
Employee contributions$768,956
Employer contribution per active participant$10,808
Average account balance$233,554
Benefits paid to participants$1,302,956
Plan auditUnmodified (clean) audit opinion
AuditorPARSONS CPA PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$27.7M · 116 accts · $1.1M emplr
2023$28.3M · 121 accts · $984K emplr
2022$24.1M · 117 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$25,048
Total administrative$25,048
The Surgical Specialists of Charlo 401(k) match · 2023
Employer contribution per active participant$10,808
Median for plans this size$2,440
2024$12,838 per active participant
2023$10,808 per active participant
2022$10,216 per active participant

Surgical Specialists of Charlo's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$16,630 · 0.06%
2023$25,048 · 0.10%
2022$9,578 · 0.04%
Similar plansProfessional & Technical Services · North Carolina
Paymentus Group, Inc. NC$31.3M · 0.13%
Corvid Technologies, LLC NC$30.1M · 0.09%
Sato America, LLC NC$27.7M · 0.06%
W. K. Dickson & Co., Inc. NC$27.2M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561026666 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.