Plan Ledger DOL Form 5500 · updated monthly

Tidewater Orthopaedic Associates, Inc401(k)

TIDEWATER ORTHOPAEDIC ASSOCIATES, INC 401K PROFIT SHARING PLAN · HAMPTON, VA · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

Tidewater Orthopaedic Associates, Inc reported $29,532 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $8,277 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 has held roughly steady near 0.232%. 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 among the smaller plans on file in Virginia (1,231st of 2,266), and the 4,628th of 11,911 in health care & social assistance. In 2023, the employer put in $1.57 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$14,265,735
Participants with balances95
Active participants65
Employer contributions$537,991
Employee contributions$342,934
Employer contribution per active participant$8,277
Average account balance$150,166
Benefits paid to participants$377,825
Plan auditUnmodified (clean) audit opinion
AuditorZUKERMAN & ASSOCIATES, LTD.
Plan history2
Yearassets · accounts · employer contribution
2023$14.3M · 95 accts · $538K emplr
2022$11.1M · 101 accts · $479K emplr
Administrative expenses, itemized · 2023
Investment management$24,679
Total administrative$29,532
The Tidewater Orthopaedic Associates, Inc 401(k) match · 2023
Employer contribution per active participant$8,277
Median for plans this size$2,440
2023$8,277 per active participant
2022$9,203 per active participant

Tidewater Orthopaedic Associates, Inc'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.

Service providers · 20233
DUNBAR, BENDER & ZAPF, INC. · Recordkeeping · Other services$1,550

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

Administrative cost history2
2023$29,532 · 0.23%
2022$27,157 · 0.23%
Similar plansHealth Care & Social Assistance · Virginia
Neighborhood Health VA$14.3M · 0.52%
Asca Foundation VA$13.6M · 0.77%
Retirement Unlimited, Inc. VA$13.3M · 1.22%
Johnson Health Center VA$13.3M · 0.07%
Islamic Relief USA VA$12.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541001793 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.