Plan Ledger DOL Form 5500 · updated monthly

Byron Health Center403(b)

BYRON HEALTH CENTER 403(B) TAX DEFERRED PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Byron Health Center reported $29,696 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $982 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 0.94%. 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 Indiana (1,298th of 1,562), and 9,021st of 11,911 in health care & social assistance. In 2024, employees put in $2.26 for every $1.00 the employer contributed; active participation has shrunk from 267 to 114 since 2022.

Plan summary
Net assets, end of year$3,327,213
Participants with balances131
Active participants114
Employer contributions$111,934
Employee contributions$253,013
Employer contribution per active participant$982
Average account balance$25,399
Benefits paid to participants$334,368
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.3M · 131 accts · $112K emplr
2023$3.0M · 213 accts · $105K emplr
2022$2.4M · 178 accts · $101K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,618
Investment management$12,078
Total administrative$29,696
The Byron Health Center 401(k) match · 2024
Employer contribution per active participant$982
Median for plans this size$1,313
2024$982 per active participant
2023$582 per active participant
2022$379 per active participant

Byron Health Center'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 · 20244
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$15,375
RIVERSEDGE ADV RET SOLUTIONS, LLC · Recordkeeping · Loan processing$5,104
PHILLIPS FINANCIAL MANAGEMENT, LLC · Investment advisory (participants) · Investment advisory (plan)$9,217

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

Recordkeeper by year2
2024EPIC RPS, RIVERSEDGE ADV RET SOLUTIONS, LLC
2023RIVERSEDGE ADV. RET. SOLUTIONS, LLC

This plan has changed recordkeepers within these filings. If you left Byron Health Center before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$29,696 · 0.94%
2023$23,735 · 0.87%
2022$23,396 · 0.92%
Similar plansHealth Care & Social Assistance · Indiana
1ST Kids, Inc. IN$3.4M · 0.89%
Scan, Inc. IN$3.3M

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Source: U.S. Department of Labor, Form 5500 series, EIN 351826036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.