Plan Ledger DOL Form 5500 · updated monthly

Beacon Hospital Management, LLC401(k)

BEACON HOSPITAL MANAGEMENT, LLC 401(K) PLAN · BATON ROUGE, LA · plan year 2024

Reported admin expense ratio · 2024
1.53%

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

Beacon Hospital Management, LLC reported $78,945 in plan administrative expenses for 2024: 1.53% of average plan assets, higher than ~90% of peers. Employer contributions averaged $738 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 3 years on file its reported administrative ratio has held roughly steady near 1.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Louisiana (517th of 884), and 6,661st of 11,911 in health care & social assistance. In 2024, employees put in $2.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,496,424
Participants with balances299
Active participants600
Employer contributions$442,515
Employee contributions$1,061,529
Employer contribution per active participant$738
Average account balance$25,072
Benefits paid to participants$356,573
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.5M · 299 accts · $443K emplr
2022$1.3M · 65 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,945
Total administrative$78,945
The Beacon Hospital Management, LLC 401(k) match · 2024
Employer contribution per active participant$738
Median for plans this size$1,313

Beacon Hospital Management, LLC's 2024 employer contribution ran below the $1,313 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
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$51,288
THE HASLAUER GROUP, INC · Recordkeeping · Loan processing$4,278
MERRILL LYNCH LIFE AGENCY, INC · Investment advisory (plan)$23,414

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

Administrative cost history2
2024$78,945 · 1.53%
2022$21,093 · 1.47%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana
Teche Action Board Inc. LA$8.0M · 0.60%
The Therapy Center of Jdp LA$7.8M · 0.71%
Team Staffing, LLC LA$7.2M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273174264 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.