Plan Ledger DOL Form 5500 · updated monthly

Wake Internal Medicine Consultants, Inc.401(k)

WAKE INTERNAL MEDICINE CONSULTANTS INC. 401K · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Wake Internal Medicine Consultants, Inc. reported $82,838 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $8,663 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 0.20%. 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 400th-largest of 2,005 plans among North Carolina employers on file, and the 2,012th of 11,911 in health care & social assistance. In 2024, the employer put in $1.63 for every $1.00 employees contributed themselves; active participation has grown from 110 to 152 since 2022.

Plan summary
Net assets, end of year$45,868,939
Participants with balances160
Active participants152
Employer contributions$1,316,702
Employee contributions$807,384
Employer contribution per active participant$8,663
Average account balance$286,681
Benefits paid to participants$535,892
Plan auditUnmodified (clean) audit opinion
AuditorBRC
Plan history3
Yearassets · accounts · employer contribution
2024$45.9M · 160 accts · $1.3M emplr
2023$38.2M · 155 accts · $1.3M emplr
2022$33.6M · 139 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,111
Investment management$32,727
Total administrative$82,838
The Wake Internal Medicine Consultants, Inc. 401(k) match · 2024
Employer contribution per active participant$8,663
Median for plans this size$2,416
2024$8,663 per active participant
2023$9,450 per active participant
2022$11,777 per active participant

Wake Internal Medicine Consultants, Inc.'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 · 20243
ASCENSUS LLC · Recordkeeping$50,111
CURI WEALTH MANAGEMENT LLC · Investment advisory (plan)$21,105
CREATIVE PLANNING · Investment advisory (plan)$11,622

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$82,838 · 0.20%
2023$75,450 · 0.21%
2022$74,408 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Kernodle Clinic, Inc. NC$47.0M · 0.08%
Hillco, LTD. NC$41.9M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561231430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.