Plan Ledger DOL Form 5500 · updated monthly

Synergy Physical Therapy Holdings III, LLC401(k)

EMPOWER PHYSICAL THERAPY 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Synergy Physical Therapy Holdings III, LLC reported $36,872 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $1,018 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 0.62% to 0.43%. 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 the 595th-largest of 1,285 plans among Arizona employers on file, and the 5,736th of 11,911 in health care & social assistance. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 313 to 407 since 2022.

Plan summary
Net assets, end of year$9,900,015
Participants with balances332
Active participants407
Employer contributions$414,376
Employee contributions$865,820
Employer contribution per active participant$1,018
Average account balance$29,819
Benefits paid to participants$1,190,363
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 332 accts · $414K emplr
2023$7.4M · 303 accts · $324K emplr
2022$5.5M · 290 accts · $321K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,850
Investment management$34,022
Total administrative$36,872
The Synergy Physical Therapy Holdings III, LLC 401(k) match · 2024
Employer contribution per active participant$1,018
Median for plans this size$1,313
2024$1,018 per active participant
2023$890 per active participant
2022$1,026 per active participant

Synergy Physical Therapy Holdings III, LLC's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$2,850
FAIRCOURT PARTNERS, LLC · Investment advisory (plan)$34,024

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,872 · 0.43%
2023$27,161 · 0.42%
2022$35,248 · 0.62%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Gila Health Resources, LLC AZ$10.1M · 0.59%
People of Faith Inc. AZ$10.0M · 0.26%
Millenium Vision, Inc. AZ$9.7M · 0.76%
The Joint Corp. AZ$9.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831478127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.