Plan Ledger DOL Form 5500 · updated monthly

Walker Medical Diagnostics, LLC401(k)

WALKER MEDICAL DIAGNOSTICS, LLC 401(K) PROFIT SHARING PLAN · JASPER, AL · plan year 2023

Reported admin expense ratio · 2023
0.57%

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

Walker Medical Diagnostics, LLC reported $137,116 in plan administrative expenses for 2023: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,241 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 0.64% to 0.68%. 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 257th-largest of 902 plans among Alabama employers on file, and the 3,162nd of 11,911 in health care & social assistance. In 2023, the employer put in $1.25 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$24,971,195
Participants with balances169
Active participants69
Employer contributions$430,609
Employee contributions$344,664
Employer contribution per active participant$6,241
Average account balance$147,759
Benefits paid to participants$412,791
Plan auditUnmodified (clean) audit opinion
AuditorKELLUM, NELSON, WILSON & ASSOC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 173 accts · $422K emplr
2023$25.0M · 169 accts · $431K emplr
2022$22.7M · 167 accts · $433K emplr
Administrative expenses, itemized · 2023
Investment management$137,116
Total administrative$137,116
The Walker Medical Diagnostics, LLC 401(k) match · 2023
Employer contribution per active participant$6,241
Median for plans this size$2,440
2024$6,204 per active participant
2023$6,241 per active participant
2022$6,182 per active participant

Walker Medical Diagnostics, LLC'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 · 20232
KASSOUF RETIREMENT PLAN SERVICE LLC · Recordkeeping · Loan processing$21,861
H L WIGINTON CAPITAL MANAGEMENT LLC · Investment advisory (participants) · Investment management$115,255

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

Recordkeeper by year2
2024KASSOUF RETIREMENT PLAN SERVICE LLC
2023KASSOUF RETIREMENT PLAN SERVICE LLC

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

Administrative cost history3
2024$165,417 · 0.68%
2023$137,116 · 0.57%
2022$148,848 · 0.64%
Similar plansHealth Care & Social Assistance · Alabama
Turenne & Associates, LLC AL$29.0M · 0.44%
Gut, P.C. AL$25.8M · 0.38%
Grayson & Associates, P.C. AL$24.7M · 0.19%
Norwood Clinic, Inc. AL$24.4M · 0.18%
Alabama Medical Group P.C. AL$23.8M · 0.44%
American Family Care, Inc. AL$22.7M · 0.94%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223940002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.