Plan Ledger DOL Form 5500 · updated monthly

Watauga Orthopaedics, PLC401(k)

WATAUGA ORTHOPAEDICS, PLC 401(K) PROFIT SHARING PLAN · JOHNSON CITY, TN · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Watauga Orthopaedics, PLC reported $68,024 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,028 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 0.15% to 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 360th-largest of 1,496 plans among Tennessee employers on file, and the 2,422nd of 11,911 in health care & social assistance. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 194 to 303 since 2022.

Plan summary
Net assets, end of year$35,933,178
Participants with balances273
Active participants303
Employer contributions$614,463
Employee contributions$1,246,655
Employer contribution per active participant$2,028
Average account balance$131,623
Benefits paid to participants$2,992,771
Plan auditUnmodified (clean) audit opinion
AuditorBROWN, EDWARDS & COMPANY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$35.9M · 273 accts · $614K emplr
2023$32.3M · 291 accts · $1.4M emplr
2022$28.3M · 234 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,369
Investment management$65,655
Total administrative$68,024
The Watauga Orthopaedics, PLC 401(k) match · 2024
Employer contribution per active participant$2,028
Median for plans this size$2,416
2024$2,028 per active participant
2023$5,530 per active participant
2022$7,700 per active participant

Watauga Orthopaedics, PLC's 2024 employer contribution ran below the $2,416 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.

Service providers · 20242
PURSHE KAPLAN STERLING INV · Investment advisory (plan)$65,655
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,469

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

Administrative cost history3
2024$68,024 · 0.20%
2023$57,680 · 0.19%
2022$44,547 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Nephrology Associates, P.C. TN$37.7M · 0.01%
Upperline Health, Inc. TN$35.7M · 0.10%
Urgent Care Group, LLC TN$35.1M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621586264 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.