Plan Ledger DOL Form 5500 · updated monthly

Tri-City Cardiology Consultants, P.C.401(k)

TRI-CITY CARDIOLOGY CONSULTANTS, P.C. 401(K) PLAN · MESA, AZ · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Tri-City Cardiology Consultants, P.C. reported $115,150 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $6,471 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 3 years on file its reported administrative ratio has held roughly steady near 0.283%. 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 209th-largest of 1,285 plans among Arizona employers on file, and the 2,048th of 11,911 in health care & social assistance. In 2024, the employer put in $1.43 for every $1.00 employees contributed themselves; active participation has grown from 211 to 292 since 2022.

Plan summary
Net assets, end of year$44,864,098
Participants with balances286
Active participants292
Employer contributions$1,889,439
Employee contributions$1,320,802
Employer contribution per active participant$6,471
Average account balance$156,867
Benefits paid to participants$852,510
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.9M · 286 accts · $1.9M emplr
2023$36.6M · 267 accts · $1.7M emplr
2022$29.2M · 230 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,018
Investment management$46,132
Audit (IQPA)$15,000
Total administrative$115,150
The Tri-City Cardiology Consultants, P.C. 401(k) match · 2024
Employer contribution per active participant$6,471
Median for plans this size$2,416
2024$6,471 per active participant
2023$7,234 per active participant
2022$6,258 per active participant

Tri-City Cardiology Consultants, P.C.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$53,644
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$46,132
HOLTHHOUSE CARLIN & VAN TRIGT · Accounting / audit$15,000
KRAVITZ INC · Contract administrator · Other services$375

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

Administrative cost history3
2024$115,150 · 0.28%
2023$94,571 · 0.29%
2022$87,167 · 0.28%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Simonmed Imaging, Inc. AZ$50.1M · 1.36%
Mountain Park Health Center AZ$46.9M · 0.13%
Child-Parent Centers Inc. AZ$46.8M · 0.35%
Sdi Services LLC AZ$44.7M · 0.20%
Smi Imaging, LLC AZ$39.0M · 1.42%
Cranial Technologies, Inc. AZ$38.9M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860516994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.