Plan Ledger DOL Form 5500 · updated monthly

Altapointe Healthcare Management, LLC403(b)

ALTAPOINTE HEALTHCARE MANAGEMENT 403(B) PLAN · MOBILE, AL · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Altapointe Healthcare Management, LLC reported $90,115 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $532 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 rose from 0.33% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 345th-largest of 902 plans among Alabama employers on file, and the 4,276th of 11,911 in health care & social assistance. In 2024, employees put in $2.89 for every $1.00 the employer contributed; active participation has grown from 1,233 to 1,506 since 2022.

Plan summary
Net assets, end of year$16,162,404
Participants with balances848
Active participants1,506
Employer contributions$801,291
Employee contributions$2,317,237
Employer contribution per active participant$532
Average account balance$19,059
Benefits paid to participants$1,479,414
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 848 accts · $801K emplr
2023$12.7M · 776 accts · $730K emplr
2022$8.7M · 757 accts · $566K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,115
Total administrative$90,115
Employer contributions to the Altapointe Healthcare Management, LLC plan · 2024
Employer contribution per active participant$532
Median for plans this size$2,416
2024$532 per active participant
2023$600 per active participant
2022$459 per active participant

Altapointe Healthcare Management, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$90,115
NFP RETIREMENT INC. · Pension consulting · Investment advisory (plan)indirect comp
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$90,115 · 0.63%
2023$35,052 · 0.33%
2022$25,979 · 0.33%
Similar plansHealth Care & Social Assistance · Alabama
Birmingham Heart Clinic, PC AL$19.4M · 0.52%
Center for Cancer Care, PC AL$15.4M · 0.38%
Southern Cancer Center, PC AL$15.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471587157 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.