Plan Ledger DOL Form 5500 · updated monthly

Wake Radiology Consultants, P.A401(k)

401(K)/PROFIT SHARING PLAN AND TRUST FOR WAKE RADIOLOGY CONSULTANTS, P.A. · RALEIGH, NC · plan year 2023

Reported admin expense ratio · 2023
0.03%

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

Wake Radiology Consultants, P.A reported $63,582 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $16,688 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 rose from 0.03% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 121st-largest of 2,005 plans among North Carolina employers on file, and the 642nd of 11,911 in health care & social assistance. In 2023, the employer put in $2.64 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$199,650,255
Participants with balances605
Active participants422
Employer contributions$7,042,136
Employee contributions$2,668,963
Employer contribution per active participant$16,688
Average account balance$330,000
Benefits paid to participants$23,803,689
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY & TUCKER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$192.7M · 581 accts · $7.1M emplr
2023$199.7M · 605 accts · $7.0M emplr
2022$184.4M · 560 accts · $5.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$63,582
Total administrative$63,582
The Wake Radiology Consultants, P.A 401(k) match · 2023
Employer contribution per active participant$16,688
Median for plans this size$3,659
2024$17,180 per active participant
2023$16,688 per active participant
2022$14,608 per active participant

Wake Radiology Consultants, P.A's 2023 employer contribution ran above the $3,659 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
T ROWE PRICE RPS INC · Recordkeeping · Trustee$63,582

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$70,705 · 0.04%
2023$63,582 · 0.03%
2022$61,349 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Orthocarolina, P.A. NC$408.4M · 0.07%
Affordable Care, LLC NC$235.2M · 0.20%
Emergeortho PA NC$213.8M · 0.08%
Piedmont Healthcare, P.A. NC$177.0M · 0.12%
Wilmington Health, PLLC NC$166.3M · 0.32%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 560990409 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.