Plan Ledger DOL Form 5500 · updated monthly

Therapy Management Corporation401(k)

TMC 401(K) RETIREMENT SAVINGS PLAN · HOMOSASSA, FL · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Therapy Management Corporation reported $246,857 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $605 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 0.77% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 563rd-largest of 3,644 plans among Florida employers on file, and the 1,990th of 11,911 in health care & social assistance. In 2024, employees put in $4.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,547,314
Participants with balances1,904
Active participants1,297
Employer contributions$784,676
Employee contributions$3,812,026
Employer contribution per active participant$605
Average account balance$24,447
Benefits paid to participants$3,703,137
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.5M · 1,904 accts · $785K emplr
2023$39.8M · 1,947 accts · $751K emplr
2022$32.3M · 1,550 accts · $71K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$173,871
Investment management$63,854
Trustee / custodial$9,132
Total administrative$246,857
The Therapy Management Corporation 401(k) match · 2024
Employer contribution per active participant$605
Median for plans this size$2,416
2024$605 per active participant
2023$697 per active participant
2022$51 per active participant

Therapy Management Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$80,218
FIDUCIARY CONSULTING GROUP, INC · Plan administrator · Named fiduciary$93,653
FREEGULLIVER, LLC. · Investment advisory (participants) · Investment advisory (plan)$42,569
IRON FIDUCIARY, AN OFFERING BY CREA · Investment advisory (plan) · Investment management$21,285
CHARLES SCHWAB BANK · Custodial (securities) · Trustee (directed)$9,132

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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Administrative cost history3
2024$246,857 · 0.57%
2023$225,350 · 0.62%
2022$272,446 · 0.77%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Hba Health Systems, LLC FL$47.9M · 0.16%
Alivia Care, Inc. FL$47.1M · 0.41%
Simedhealth, L.L.C. FL$45.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651197416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.