North Carolina › Health care and social assistance › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Mecklenburg Radiology Associates, P.A. Profit Sharing Plan
Sponsored by Mecklenburg Radiology Associates, P.A., Charlotte, NC
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Mecklenburg Radiology Associates, P.A. Profit Sharing Plan is a 401(k) plan sponsored by Mecklenburg Radiology Associates, P.A. of Charlotte, North Carolina. For the plan year ending 31 Dec 2025 it reported 170 participants, 135 of them active, and net assets of $108M.
Net assets came to $601,953 per participant in plan year 2024, well above the $60,185 median for defined contribution plans with 100 to 249 participants and well above the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $3.2M during the year, or $23,913 per active participant against a same-size median of $2,447; participants contributed $2.3M and $360K arrived as rollovers and other contributions. Benefits paid out totalled $5.1M.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $99K: $583 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $98K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $83.5M in 2020 to $108M in 2025 (up 30%), and participants from 129 to 170 (up 32%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $601,953 | $60,185 | $30,764 | $53,102 |
| Employer contributions per active participant | $22,826 | $2,447 | $1,536 | $2,175 |
| Schedule C compensation per participant | $554 | $194 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.09% | 0.32% | 0.31% | 0.26% |
| Administrative expenses per participant | $558 | $176 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 170 | $108M | $636,859 | $3.2M | $2.3M | $99K |
| 2024 | 155 | $93.3M | $601,955 | $2.9M | $2.1M | $86K |
| 2023 | 153 | $80.0M | $522,556 | $3.0M | $2.1M | $60K |
| 2022 | 150 | $80.5M | $536,460 | $2.7M | $1.8M | $91K |
| 2021 | 142 | $101M | $714,042 | $2.5M | $1.6M | $92K |
| 2020 | 129 | $83.5M | $647,101 | $3.8M | $1.6M | $94K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$93,302,689
- Employer contributions$3,228,298
- Participant contributions$2,307,995
- Rollovers and other contributions$360,497
- Total contributions$5,896,790
- Total income, including investment results$20,131,228
- Benefits paid$5,069,744
- Administrative expenses$97,905
- Total expenses$5,167,685
- Net income$14,963,543
- Net transfers$0
- Net assets, end of year$108,266,232
Participants
- Active participants135
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits34
- Participants with account balances169
- Total participants, end of year170
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Schwab Retirement Plan Services,inc | Recordkeeping and information management; Investment advisory (participants) | $41,375 | $0 |
| Prime Capital Investment Advis | Investment advisory (participants) | $25,298 | $0 |
| Capfinancial Partners, LLC | Investment management | $21,503 | $0 |
| Mai Capital Management LLC | Investment advisory (participants) | $7,944 | $0 |
| Charles Schwab & Co.,inc. | Securities brokerage | $2,939 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$57,993
- Recordkeeping fees$39,912
- Total administrative expenses$97,905
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$64.7M · 59.7%
- Other investments$34.5M · 31.9%
- Common/collective trusts$6.8M · 6.3%
- Receivables$2.1M · 1.9%
- Participant loans$166K · 0.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateYes, $455
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2AAge/service weighted or new comparability or similar plan2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2RParticipant-directed brokerage accounts provided as an investment option under the plan2TTotal or partial participant-directed account plan with a default investment account3BPlan covering self-employed individuals3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621111: Offices of Physicians (except mental health specialists).
Similar plans in North Carolina
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Delaney Radiologists, P.A. 401(k) Profit-Sharing Plan and Trust | Delaney Radiologists, P.A. | 171 | $55.7M | $325,485 |
| Orthopaedic Specialists of NC, P.A. 401(k) Plan | Orthopaedic Specialists of NC, P.A. | 170 | $11.3M | $66,712 |
| Healthteam Advantage 401(k) Plan | Care N Care Insurance Company of North Carolina, Inc. | 174 | $5.8M | $33,457 |
| Macon Program for Progress, Inc. 401(k) Retirement Plan | Macon Program for Progress, Inc. | 169 | $2.9M | $17,070 |
| Carolina Urology Partners, PLLC Employees' 401(k) Profit Sharing Plan and Trust | Carolina Urology Partners, PLLC | 181 | $30.4M | $167,965 |
| Ara Health Specialists, P.A. 401(k) Profit Sharing Plan | Ara Health Specialists, P. a. | 168 | $87.3M | $519,914 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Mecklenburg Radiology Associates, P.A. Profit Sharing Plan?
170 participants at the end of the plan year ending 31 Dec 2025, of whom 135 were active employees, with net assets of $108,266,232. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Mecklenburg Radiology Associates, P.A. contribute per participant?
The filing reports $3,228,298 in employer contributions for the year, which is $23,913 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $99,059 in compensation to service provider organisations, $583 per participant or 0.09% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $97,905. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Mecklenburg Radiology Associates, P.A.. Recordkeeping or administration: Schwab Retirement Plan Services,inc. Investment advisory or management: Schwab Retirement Plan Services,inc, Prime Capital Investment Advis and Capfinancial Partners, LLC. The financial statements were audited by CliftonLarsonAllen LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 12 Aug 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 56-0945616, plan 001, received 12 Aug 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.