Plan Ledger DOL Form 5500 · updated monthly

Charter Health Holdings, Inc.401(k)

CHARTER HEALTH HOLDINGS, INC. 401(K) PLAN · WILMINGTON, DE · plan year 2023

Reported admin expense ratio · 2023
0.86%

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

Charter Health Holdings, Inc. reported $87,484 in plan administrative expenses for 2023: 0.86% of average plan assets, higher than ~90% of peers. Employer contributions averaged $154,740 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 1 year on file its reported administrative ratio fell from 0.91% to 0.86%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Delaware (152nd of 242), and the 5,624th of 11,911 in health care & social assistance. In 2023, employees put in $4.09 for every $1.00 the employer contributed; active participation has shrunk from 716 to 3 since 2022.

Plan summary
Net assets, end of year$10,259,279
Participants with balances796
Active participants3
Employer contributions$464,219
Employee contributions$1,896,912
Employer contribution per active participant$154,740
Average account balance$12,889
Benefits paid to participants$3,663,028
Plan auditUnmodified (clean) audit opinion
AuditorSEE ATTACHED REASONABLE CAUSE
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$10.3M · 796 accts · $464K emplr
2022$10.1M · 1,062 accts · $667K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$87,484
Total administrative$87,484
The Charter Health Holdings, Inc. 401(k) match · 2023
Employer contribution per active participant$154,740
Median for plans this size$2,440
2023$154,740 per active participant
2022$932 per active participant

Charter Health Holdings, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Loan processing · Recordkeeping$87,483

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

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024Not separately reported
2023$87,484 · 0.86%
2022$97,116 · 0.91%
Similar plansHealth Care & Social Assistance · Delaware
Delaware Hospice, Inc. DE$14.0M · 0.55%
Simon Eye Management LLC DE$9.9M · 0.41%
Mary Campbell Center DE$9.4M · 0.65%
Cerebral, Inc. DE$7.2M · 1.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831852764 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.