Plan Ledger DOL Form 5500 · updated monthly

The Orthopaedic Institute of Western Kentucky, PLLC401(k)

OIWK 401(K) PROFIT SHARING PLAN · PADUCAH, KY · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

The Orthopaedic Institute of Western Kentucky, PLLC reported $8,095 in plan administrative expenses for 2023: 0.40% of average plan assets, below the peer median. Employer contributions averaged $5,953 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 rose from 0.10% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kentucky (744th of 871), and 9,493rd of 11,911 in health care & social assistance. In 2023, the employer put in $1.67 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,694,106
Participants with balances171
Active participants132
Employer contributions$785,810
Employee contributions$470,253
Employer contribution per active participant$5,953
Average account balance$15,755
Benefits paid to participants$543,044
Plan auditUnmodified (clean) audit opinion
AuditorBLYTHE CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $379 emplr
2023$2.7M · 171 accts · $786K emplr
2022$1.3M · 161 accts · $763K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,095
Total administrative$8,095
The The Orthopaedic Institute of Western Kentucky, PLLC 401(k) match · 2023
Employer contribution per active participant$5,953
Median for plans this size$1,308
2023$5,953 per active participant
2022$5,413 per active participant

The Orthopaedic Institute of Western Kentucky, PLLC's 2023 employer contribution ran above the $1,308 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.

Service providers · 20233
BENEFIT PLANS PLUS, LLC · Contract administrator$2,175
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$1,004

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

Administrative cost history3
2024Not separately reported
2023$8,095 · 0.40%
2022$1,252 · 0.10%
Similar plansHealth Care & Social Assistance · Kentucky
Trigg County Hospital KY$2.9M · 0.51%
Carering Health, LLC KY$2.3M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870993907 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.