Plan Ledger DOL Form 5500 · updated monthly

Valdosta Family Medicine Associates, P.C.401(k)

VALDOSTA FAMILY MEDICINE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN · VALDOSTA, GA · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Valdosta Family Medicine Associates, P.C. reported $2,257 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,410 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 0.490%. 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 the 1,001st-largest of 2,160 plans among Georgia employers on file, and the 4,415th of 11,911 in health care & social assistance. In 2023, the employer put in $1.12 for every $1.00 employees contributed themselves; active participation has grown from 89 to 140 since 2022.

Plan summary
Net assets, end of year$15,341,380
Participants with balances140
Active participants140
Employer contributions$617,428
Employee contributions$552,919
Employer contribution per active participant$4,410
Average account balance$109,581
Benefits paid to participants$2,217,220
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 190 accts · $660K emplr
2023$15.3M · 140 accts · $617K emplr
2022$14.7M · 120 accts · $498K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$550
Total administrative$2,257
The Valdosta Family Medicine Associates, P.C. 401(k) match · 2023
Employer contribution per active participant$4,410
Median for plans this size$2,440
2024$4,784 per active participant
2023$4,410 per active participant
2022$5,595 per active participant

Valdosta Family Medicine Associates, P.C.'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 · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$550

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$74,503 · 0.49%
2023$2,257 · 0.02%
2022$78,583 · 0.49%
Similar plansHealth Care & Social Assistance · Georgia
US Carenet, Inc GA$15.4M · 0.06%
Medcare South, LLC GA$15.4M · 0.73%
Medlink Georgia, Inc. GA$14.0M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581844895 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.