Plan Ledger DOL Form 5500 · updated monthly

Tri-County Therapy401(k)

TRI-COUNTY THERAPY 401(K) PLAN · LADSON, SC · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Tri-County Therapy reported $4,357 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,912 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 0.27% to 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Carolina (706th of 807), and 10,183rd of 11,911 in health care & social assistance. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has shrunk from 82 to 61 since 2022.

Plan summary
Net assets, end of year$1,845,485
Participants with balances77
Active participants61
Employer contributions$116,610
Employee contributions$196,979
Employer contribution per active participant$1,912
Average account balance$23,967
Benefits paid to participants$212,096
Plan auditUnmodified (clean) audit opinion
AuditorTHE HOBBS GROUP, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 77 accts · $117K emplr
2023$1.5M · 104 accts · $105K emplr
2022$1.2M · 115 accts · $146K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$295
Total administrative$4,357
The Tri-County Therapy 401(k) match · 2024
Employer contribution per active participant$1,912
Median for plans this size$1,313
2024$1,912 per active participant
2023$1,588 per active participant
2022$1,782 per active participant

Tri-County Therapy's 2024 employer contribution ran above the $1,313 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$4,357 · 0.26%
2023$110 · 0.01%
2022$3,623 · 0.27%
Similar plansHealth Care & Social Assistance · South Carolina
Vessel Medical, Inc. SC$1.9M · 1.23%
Bright Start, LLC SC$1.5M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 462251835 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.