Plan Ledger DOL Form 5500 · updated monthly

Altamed Health Services Corporation403(b)

ALTAMED HEALTH SERVICES CORPORATION 403(B) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Altamed Health Services Corporation reported $500,164 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $2,465 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 2 years on file its reported administrative ratio fell from 0.30% to 0.21%. 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 453rd-largest of 9,483 plans among California employers on file, and the 535th of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 2,433 to 5,614 since 2022.

Plan summary
Net assets, end of year$266,475,097
Participants with balances5,613
Active participants5,614
Employer contributions$13,838,639
Employee contributions$25,177,724
Employer contribution per active participant$2,465
Average account balance$47,475
Benefits paid to participants$16,473,032
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$266.5M · 5,613 accts · $13.8M emplr
2023$211.0M · 3,831 accts · $8.5M emplr
2022$165.9M · 3,398 accts · $6.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$230,332
Investment management$256,727
Trustee / custodial$13,105
Total administrative$500,164
Employer contributions to the Altamed Health Services Corporation plan · 2024
Employer contribution per active participant$2,465
Median for plans this size$3,635
2024$2,465 per active participant
2023$1,721 per active participant
2022$2,756 per active participant

Altamed Health Services Corporation's 2024 employer contribution ran below 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 · 20243
G.W. SHERWOLD ASSOCIATES INC · Investment advisory (plan)$244,289
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$230,332
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$12,438

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

Administrative cost history3
2024$500,164 · 0.21%
2023$410,916 · 0.22%
2022$521,027 · 0.30%
Same employer
Similar plansHealth Care & Social Assistance · California
Natera CA$301.4M · 0.02%
Kpc Global Management, LLC CA$298.3M · 0.25%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 952810095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.