Plan Ledger DOL Form 5500 · updated monthly

West Wichita Family Physicians, P.A.401(k)

WEST WICHITA FAMILY PHYSICIANS, P.A. PROFIT SHARING PLAN AND 401(K) · WICHITA, KS · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

West Wichita Family Physicians, P.A. reported $191,118 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,718 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 0.29% to 0.27%. 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 89th-largest of 828 plans among Kansas employers on file, and the 1,362nd of 11,911 in health care & social assistance. In 2024, the employer put in $2.47 for every $1.00 employees contributed themselves; active participation has grown from 154 to 193 since 2022.

Plan summary
Net assets, end of year$75,007,949
Participants with balances258
Active participants193
Employer contributions$1,875,511
Employee contributions$758,098
Employer contribution per active participant$9,718
Average account balance$290,728
Benefits paid to participants$4,073,033
Plan auditUnmodified (clean) audit opinion
AuditorLARSON & COMPANY, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$75.0M · 258 accts · $1.9M emplr
2023$65.4M · 246 accts · $1.7M emplr
2022$56.7M · 263 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,608
Investment management$96,510
Total administrative$191,118
The West Wichita Family Physicians, P.A. 401(k) match · 2024
Employer contribution per active participant$9,718
Median for plans this size$3,635
2024$9,718 per active participant
2023$9,420 per active participant
2022$10,294 per active participant

West Wichita Family Physicians, 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 · 20241
UBS FINANCIAL SERVICES INC. · Investment advisory (participants)$96,510

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$191,118 · 0.27%
2023$175,170 · 0.29%
2022$182,666 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Hays Medical Center KS$115.5M · 0.26%
Nuehealth Equity Co., LLC KS$103.0M · 0.33%
A Place for Mom, Inc. KS$58.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742848808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.