Arizona › Health care and social assistance › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Tri-City Cardiology Consultants, P.C. 401(k) Plan
Sponsored by Tri-City Cardiology Consultants, P.C., Mesa, AZ
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.
Tri-City Cardiology Consultants, P.C. of Mesa, Arizona sponsors Tri-City Cardiology Consultants, P.C. 401(k) Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2025 shows 473 participants (405 active) and $49.9M in net assets.
Net assets came to $128,920 per participant in plan year 2024, well above the $48,746 median for defined contribution plans with 250 to 499 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 $1.9M during the year, or $4,750 per active participant against a same-size median of $2,017; participants contributed $1.7M and $249K arrived as rollovers and other contributions. Benefits paid out totalled $5.7M.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $155K: $328 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $148K. 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 $6.9M in 2009 to $49.9M in 2025 (up 623%), and participants from 211 to 473 (up 124%).
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 | $128,920 | $48,746 | $30,764 | $53,102 |
| Employer contributions per active participant | $6,471 | $2,017 | $1,536 | $2,175 |
| Schedule C compensation per participant | $342 | $141 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.27% | 0.30% | 0.31% | 0.26% |
| Administrative expenses per participant | $331 | $133 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 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 | 473 | $49.9M | $105,564 | $1.9M | $1.7M | $155K |
| 2024 | 348 | $44.9M | $128,920 | $1.9M | $1.3M | $119K |
| 2023 | 304 | $36.6M | $120,322 | $1.7M | $1.1M | $109K |
| 2022 | 275 | $29.2M | $106,084 | $1.3M | $916K | $101K |
| 2021 | 239 | $33.3M | $139,427 | $1.1M | $827K | $127K |
| 2020 | 304 | $32.2M | $106,023 | $1.0M | $692K | $128K |
| 2019 | 267 | $23.7M | $88,614 | $1.3M | $770K | $124K |
| 2018 | 292 | $18.9M | $64,856 | $1.3M | $714K | $90K |
| 2017 | 286 | $19.0M | $66,378 | $1.2M | $681K | $83K |
| 2016 | 247 | $15.9M | $64,251 | $820K | $587K | $93K |
| 2015 | 218 | $15.0M | $68,725 | $800K | $585K | $94K |
| 2014 | 221 | $15.8M | $71,443 | $966K | $625K | $96K |
| 2013 | 227 | $15.3M | $67,185 | $982K | $612K | $75K |
| 2012 | 218 | $12.8M | $58,601 | $928K | $563K | $55K |
| 2011 | 216 | $10.5M | $48,625 | $894K | $552K | $10K |
| 2010 | 207 | $8.9M | $42,831 | $827K | $503K | $1,000 |
| 2009 | 211 | $6.9M | $32,720 | $903K | $518K | $1,000 |
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$44,864,098
- Employer contributions$1,923,796
- Participant contributions$1,713,846
- Rollovers and other contributions$249,317
- Total contributions$3,886,959
- Total income, including investment results$10,936,320
- Benefits paid$5,721,380
- Administrative expenses$147,523
- Total expenses$5,868,903
- Net income$5,067,417
- Net transfers$0
- Net assets, end of year$49,931,515
Participants
- Active participants405
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits67
- Participants with account balances461
- Total participants, end of year473
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator; Participant loan processing | $69,996 | $0 |
| Merrill Lynch Pierce Fenner & Smith | Consulting (pension); Investment advisory (plan) | $54,794 | $19 |
| Kravitz Inc. | Contract Administrator; Other services | $7,534 | $22,748 |
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
- Contract administrator fees$77,529
- Investment advisory and management fees$54,794
- IQPA audit fees$15,200
- Total administrative expenses$147,523
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)$47.4M · 95.0%
- Receivables$1.9M · 3.9%
- Participant loans$346K · 0.7%
- Common/collective trusts$222K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmHolthouse Carlin & Van Trigt LLP
- Participant contributions reported as transmitted lateNo
- 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) arrangement2TTotal or partial participant-directed account plan with a default investment account3DPre-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 Arizona
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Noah 403(b) Plan | Noah - Neighborhood Outreach Access to Health | 475 | $12.3M | $25,871 |
| The Foundation for Senior Living 403(b) Matching Retirement Plan | The Foundation for Senior Living | 462 | $10.6M | $23,006 |
| Donor Network of Arizona 403(b) Plan | Donor Network of Arizona | 475 | $32.1M | $67,477 |
| Southwest Network 403(b) Retirement Plan | Southwest Network, Inc. | 440 | $13.3M | $30,327 |
| Glencroft Retirement Community Employee 401(k) Savings Plan | Friendship Retirement Corporation | 487 | $3.4M | $7,010 |
| Child Crisis Arizona 401(k) Plan | Child Crisis Arizona | 439 | $10.9M | $24,942 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Tri-City Cardiology Consultants, P.C. 401(k) Plan?
473 participants at the end of the plan year ending 31 Dec 2025, of whom 405 were active employees, with net assets of $49,931,515. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Tri-City Cardiology Consultants, P.C. contribute per participant?
The filing reports $1,923,796 in employer contributions for the year, which is $4,750 per active participant; the median for plans of the same type and size was $2,017 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 $155,091 in compensation to service provider organisations, $328 per participant or 0.31% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $147,523. 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 Tri-City Cardiology Consultants, P.C.. Recordkeeping or administration: Principal Life Insurance Company and Kravitz Inc.. Investment advisory or management: Merrill Lynch Pierce Fenner & Smith. The financial statements were audited by Holthouse Carlin & Van Trigt 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 29 Jul 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 86-0516994, plan 004, received 29 Jul 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.