Plan Ledger DOL Form 5500 · updated monthly

The Surgery Center at Southwoods, LLC401(k)

SOUTHWOODS HEALTH 401(K) PLAN · BOARDMAN, OH · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

The Surgery Center at Southwoods, LLC reported $40,948 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $2,204 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 0.03% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 577th-largest of 3,295 plans among Ohio employers on file, and the 1,638th of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 906 to 1,124 since 2022.

Plan summary
Net assets, end of year$59,139,655
Participants with balances1,458
Active participants1,124
Employer contributions$2,477,517
Employee contributions$4,515,364
Employer contribution per active participant$2,204
Average account balance$40,562
Benefits paid to participants$8,602,277
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$59.1M · 1,458 accts · $2.5M emplr
2023$52.6M · 1,377 accts · $2.3M emplr
2022$41.9M · 1,189 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,948
Total administrative$40,948
The The Surgery Center at Southwoods, LLC 401(k) match · 2024
Employer contribution per active participant$2,204
Median for plans this size$3,635
2024$2,204 per active participant
2023$2,116 per active participant
2022$2,062 per active participant

The Surgery Center at Southwoods, LLC's 2024 employer contribution ran below the $3,635 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.

Administrative cost history3
2024$40,948 · 0.07%
2023$13,700 · 0.03%
2022$12,146 · 0.03%
Similar plansHealth Care & Social Assistance · Ohio
Fortec Medical, Inc. OH$59.3M · 0.08%
Dayton Physicians, LLC OH$59.2M · 0.25%
Hcf Management, Inc. OH$53.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421562638 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.