Plan Ledger DOL Form 5500 · updated monthly

Accord Health Service, Inc.401(k)

ACCORD HEALTH SERVICE, INC. 401(K) PLAN · NORRISTOWN, PA · plan year 2023

Reported admin expense ratio · 2023
0.36%

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

Accord Health Service, Inc. reported $35,283 in plan administrative expenses for 2023: 0.36% of average plan assets, below the peer median. Employer contributions averaged $280 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 1 year on file its reported administrative ratio rose from 0.09% to 0.36%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (2,286th of 3,651), and the 5,712th of 11,911 in health care & social assistance. In 2023, employees put in $3.84 for every $1.00 the employer contributed; active participation has grown from 74 to 210 since 2022.

Plan summary
Net assets, end of year$9,962,579
Participants with balances206
Active participants210
Employer contributions$58,745
Employee contributions$225,523
Employer contribution per active participant$280
Average account balance$48,362
Benefits paid to participants$1,076,864
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $59K emplr
2023$10.0M · 206 accts · $59K emplr
2022$9.4M · 235 accts · $77K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,632
Investment management$651
Total administrative$35,283
The Accord Health Service, Inc. 401(k) match · 2023
Employer contribution per active participant$280
Median for plans this size$1,308
2023$280 per active participant
2022$1,035 per active participant

Accord Health Service, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$12,528
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$11,601
TRANSAMERICA LIFE INSURANCE · Recordkeeping · Loan processing$2,372
RAYMOND JAMES AND ASSOCIATES · Investment advisory (plan)$8,141
MESIROW FINANCIAL, INC · Investment advisory (plan)$642

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history3
2024Not separately reported
2023$35,283 · 0.36%
2022$13,911 · 0.09%
Similar plansHealth Care & Social Assistance · Pennsylvania
Aadvantage, Inc. PA$10.2M · 0.10%
Mainstay Life Services PA$10.1M · 0.63%
Passavant Memorial Homes PA$10.0M · 0.95%
Fairmount Homes PA$9.8M · 1.17%
Drugscan, Inc. PA$9.7M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232172139 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.