Plan Ledger DOL Form 5500 · updated monthly

Centerstone of America, Inc.403(b)

CENTERSTONE OF AMERICA, INC. 403(B) RETIREMENT PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Centerstone of America, Inc. reported $381,467 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $785 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 0.33%. 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 142nd-largest of 1,496 plans among Tennessee employers on file, and the 934th of 11,911 in health care & social assistance. In 2024, employees put in $2.45 for every $1.00 the employer contributed; active participation has grown from 3,526 to 4,133 since 2022.

Plan summary
Net assets, end of year$120,597,815
Participants with balances2,499
Active participants4,133
Employer contributions$3,245,969
Employee contributions$7,963,531
Employer contribution per active participant$785
Average account balance$48,258
Benefits paid to participants$14,283,243
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$120.6M · 2,499 accts · $3.2M emplr
2023$108.7M · 2,798 accts · $2.8M emplr
2022$92.8M · 2,945 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$381,467
Total administrative$381,467
Employer contributions to the Centerstone of America, Inc. plan · 2024
Employer contribution per active participant$785
Median for plans this size$3,635
2024$785 per active participant
2023$739 per active participant
2022$740 per active participant

Centerstone of America, Inc.'s 2024 employer contribution ran below the $3,635 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$342,302
NATIONAL BENEFIT SERVICES, LLC · Other servicesindirect comp
SHEPHERD FINANCIAL INVESTMENT ADVIS · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$381,467 · 0.33%
2023$307,517 · 0.31%
2022$349,593 · 0.34%
All plans at this employer2
CENTERSTONE OF AMERICA, INC. 403(B) RETIREMENT PLAN403(b)
CENTERSTONE OF AMERICA, INC. 401(K) RETIREMENT PLAN401(k)
Similar plansHealth Care & Social Assistance · Tennessee
Tivity Health, Inc. TN$128.5M · 0.10%
3LS Inc. TN$122.4M
Semmes-Murphey Clinic TN$118.3M · 0.15%
Associated Pathologists, LLC TN$117.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200072992 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.