Plan Ledger DOL Form 5500 · updated monthly

Tallahassee Primary Care Associates, PA401(k)

TALLAHASSEE PRIMARY CARE ASSOCIATES, PA 401(K) PROFIT SHARING PLAN · TALLAHASSEE, FL · plan year 2023

Reported admin expense ratio · 2023
0.03%

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

Tallahassee Primary Care Associates, PA reported $8,360 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,304 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 0.046% to 0.052%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 789th-largest of 3,644 plans among Florida employers on file, and the 2,677th of 11,911 in health care & social assistance. In 2023, the employer put in $1.47 for every $1.00 employees contributed themselves; active participation has shrunk from 168 to 135 since 2022.

Plan summary
Net assets, end of year$31,258,099
Participants with balances275
Active participants135
Employer contributions$851,065
Employee contributions$579,828
Employer contribution per active participant$6,304
Average account balance$113,666
Benefits paid to participants$2,971,647
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 246 accts · $322K emplr
2023$31.3M · 275 accts · $851K emplr
2022$28.3M · 318 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$131
Investment management$8,229
Total administrative$8,360
The Tallahassee Primary Care Associates, PA 401(k) match · 2023
Employer contribution per active participant$6,304
Median for plans this size$2,440
2024$2,457 per active participant
2023$6,304 per active participant
2022$6,372 per active participant

Tallahassee Primary Care Associates, PA'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$14,282 · 0.05%
2023$8,360 · 0.03%
2022$16,153 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Rcma FL$32.4M · 0.28%
Dermcare Management, LLC FL$31.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593374015 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.