Plan Ledger DOL Form 5500 · updated monthly

West Florida Medical Center Clinic, P.A.401(k)

MEDICAL CENTER CLINIC 401(K) RETIREMENT PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

West Florida Medical Center Clinic, P.A. reported $134,018 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $9,845 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 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 268th-largest of 3,644 plans among Florida employers on file, and the 890th of 11,911 in health care & social assistance. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$126,835,761
Participants with balances570
Active participants283
Employer contributions$2,786,129
Employee contributions$2,295,429
Employer contribution per active participant$9,845
Average account balance$222,519
Benefits paid to participants$6,502,741
Plan auditUnmodified (clean) audit opinion
AuditorSALTMARSH, CLEAVELAND & GUND
Plan history3
Yearassets · accounts · employer contribution
2024$126.8M · 570 accts · $2.8M emplr
2023$110.0M · 594 accts · $2.5M emplr
2022$95.4M · 577 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,290
Investment management$62,735
Audit (IQPA)$31,450
Total administrative$134,018
The West Florida Medical Center Clinic, P.A. 401(k) match · 2024
Employer contribution per active participant$9,845
Median for plans this size$3,635
2024$9,845 per active participant
2023$8,070 per active participant
2022$8,173 per active participant

West Florida Medical Center Clinic, P.A.'s 2024 employer contribution ran above the $3,635 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 · 20244
HANCOCK WHITNEY BANK · Investment advisory (plan)$34,650
SALTMARSH, CLEAVELAND, & GUND · Accounting / audit$31,450
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$28,085

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$134,018 · 0.11%
2023$129,136 · 0.13%
2022$127,026 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Ent Mso, LLC FL$134.1M · 0.20%
Cvausa Management, LLC FL$132.5M · 0.15%
Borland-Groover Clinic, P.A. FL$127.0M · 0.11%
Jupiter Medical Center, Inc. FL$126.0M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592193856 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.