Plan Ledger DOL Form 5500 · updated monthly

Chespenn Health Services, Inc.401(k)

CHESPENN HEALTH SERVICES, INC. PROFIT SHARING PLAN · EDDYSTONE, PA · plan year 2023

Reported admin expense ratio · 2023
0.77%

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

Chespenn Health Services, Inc. reported $34,982 in plan administrative expenses for 2023: 0.77% of average plan assets, above the peer median. Employer contributions averaged $3,022 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 4 years on file its reported administrative ratio has held roughly steady near 0.77%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (2,883rd of 3,651), and 7,927th of 11,911 in health care & social assistance. In 2023, employees put in $1.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,961,755
Participants with balances99
Active participants81
Employer contributions$244,817
Employee contributions$263,666
Employer contribution per active participant$3,022
Average account balance$50,119
Benefits paid to participants$274,533
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2023$5.0M · 99 accts · $245K emplr
2022$4.2M · 104 accts · $273K emplr
2020$4.1M · 147 accts · $237K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,446
Investment management$19,536
Total administrative$34,982
The Chespenn Health Services, Inc. 401(k) match · 2023
Employer contribution per active participant$3,022
Median for plans this size$1,308
2023$3,022 per active participant
2022$3,645 per active participant
2020$3,078 per active participant

Chespenn Health Services, Inc.'s 2023 employer contribution ran above the $1,308 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 · 20232
THE VANGUARD GROUP, INC. · Recordkeeping$15,446
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$19,536

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

Administrative cost history3
2023$34,982 · 0.77%
2022$28,801 · 0.74%
2020$28,499 · 0.79%
Similar plansHealth Care & Social Assistance · Pennsylvania
Philabundance PA$5.1M · 0.51%
Elm Terrace Gardens PA$5.0M · 1.03%
Caring People Alliance PA$4.9M · 0.94%
One Senior Care, Inc. PA$4.9M · 0.95%
Evergreen Homes Inc. PA$4.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237354899 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.