Plan Ledger DOL Form 5500 · updated monthly

Wilmington Health, PLLC401(k)

WILMINGTON HEALTH, PLLC RETIREMENT PLAN · WILMINGTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Wilmington Health, PLLC reported $500,400 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,645 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 0.32%. 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 141st-largest of 2,005 plans among North Carolina employers on file, and the 733rd of 11,911 in health care & social assistance. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 1,079 to 1,251 since 2022.

Plan summary
Net assets, end of year$166,341,080
Participants with balances1,471
Active participants1,251
Employer contributions$4,559,304
Employee contributions$5,748,410
Employer contribution per active participant$3,645
Average account balance$113,080
Benefits paid to participants$7,866,736
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$166.3M · 1,471 accts · $4.6M emplr
2023$141.7M · 1,345 accts · $4.3M emplr
2022$113.1M · 1,257 accts · $3.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$114,063
Investment management$362,326
Trustee / custodial$23,255
Total administrative$500,400
The Wilmington Health, PLLC 401(k) match · 2024
Employer contribution per active participant$3,645
Median for plans this size$3,635
2024$3,645 per active participant
2023$3,722 per active participant
2022$3,614 per active participant

Wilmington Health, PLLC's 2024 employer contribution ran above the $3,635 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 · 20249
MILLIMAN, INC. · Recordkeeping · Pension consulting$114,063
MERRILL LYNCH · Investment advisory (plan)$138,775
WELLS FARGO · Investment advisory (plan)$62,761
MATRIX TRUST COMPANY · Custodial (securities) · Trustee (directed)$23,255
FIDELITY INVESTEMENTS · Investment advisory (plan)$21,500
CHARLES SCHWAB · Investment advisory (plan)$20,934
RBC CAPITAL MARKETS · Investment advisory (plan)$20,331
NEW YORK LIFE LIFE INSURANCE CO. · Insurance services$13,720
RAYMOND JAMES · Investment advisory (plan)$4,604

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$500,400 · 0.32%
2023$397,902 · 0.31%
2022$410,956 · 0.34%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Piedmont Healthcare, P.A. NC$177.0M · 0.12%
Allergy Partners, PLLC NC$136.5M · 0.14%
Eastern Radiologists, Inc. NC$132.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561980160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.