Plan Ledger DOL Form 5500 · updated monthly

West Florida Medical Associates, P.A.401(k)

WEST FLORIDA MEDICAL ASSOCIATES P.A. 401K PS PLAN & TRUST · BEVERLY HILLS, FL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

West Florida Medical Associates, P.A. reported $9,157 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,112 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 fell from 0.04% to 0.03%. 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 785th-largest of 3,644 plans among Florida employers on file, and the 2,663rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$31,435,693
Participants with balances236
Active participants119
Employer contributions$727,369
Employee contributions$696,852
Employer contribution per active participant$6,112
Average account balance$133,202
Benefits paid to participants$408,276
Plan auditDisclaimer of opinion
AuditorCOLEMAN AND ASSOCIATES CPA FIRM
Plan history3
Yearassets · accounts · employer contribution
2024$31.4M · 236 accts · $727K emplr
2023$26.8M · 213 accts · $799K emplr
2022$23.6M · 206 accts · $720K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,165
Investment management$417
Total administrative$9,157
The West Florida Medical Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$6,112
Median for plans this size$2,416
2024$6,112 per active participant
2023$6,149 per active participant
2022$5,536 per active participant

West Florida Medical Associates, P.A.'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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$292
ASCENSUS C/O FUTURE PLAN · Other servicesindirect comp

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$9,157 · 0.03%
2023$11,512 · 0.05%
2022$11,575 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Rcma FL$32.4M · 0.28%
Dermcare Management, LLC FL$31.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593411454 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.