Department of Labor filing

FLORIDA PHYSICIAN SPECIALISTS, LLC.

FPS 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 6, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

61filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$6,532

Reported employer contributions per active participant.

Higher than about 80% of comparable plans

#People in the filing

176

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$350 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 16% of comparable plans

↗Investment performance

Not available

Plan assets changed 8.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202461out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions80th percentileTypical peer $2,397 · based on 2,295 comparable plans

Lower reported administrative expense16th percentileTypical peer $143 · based on 2,373 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, FLORIDA PHYSICIAN SPECIALISTS, LLC. reported $1,149,567 in employer contributions across the plan and 176 active participants. That works out to $6,532 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy71%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 12.8%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 3.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context61/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,149,567
Participant contributions: $935,157
Other contributions: $85,808
Employer share of reported contributions: 55.1%
Beginning assets: $24,963,073
Ending assets: $26,966,891
Ending net assets: $26,966,891
Ending liabilities: Not reported
Total income: $5,843,134
Total expenses: $3,839,316
Administrative expenses: $78,409
Participant loans: $177,023

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$7,490

2023

$7,290

2024

$6,532

Plan-paid administrative expenses per participant

2022

$362

2023

$338

2024

$350

Active participants

2022

140

2023

151

2024

176

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$6,532	176	27M	20251006085047NAL0006074864001
2023	$7,290	151	25M	20241008152438NAL0017879393001
2022	$7,490	140	21.4M	20231006140552NAL0022862225002

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.7%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 460772206-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Feb 1, 2000
Industry: Health care and social assistance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2R3B3D

Current plan terms

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Filing ACK_ID20251006085047NAL0006074864001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗