Plan Ledger DOL Form 5500 · updated monthly

Community Senior Life403(b)

CSL 403(B) PLAN · ORANGE BEACH, AL · plan year 2024

Reported admin expense ratio · 2024
1.78%

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

Community Senior Life reported $24,940 in plan administrative expenses for 2024: 1.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $397 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 2 years on file its reported administrative ratio rose from 1.69% to 1.78%. 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 Alabama (826th of 902), and 10,459th of 11,911 in health care & social assistance. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 199 to 225 since 2022.

Plan summary
Net assets, end of year$1,511,961
Participants with balances141
Active participants225
Employer contributions$89,245
Employee contributions$100,202
Employer contribution per active participant$397
Average account balance$10,723
Benefits paid to participants$94,097
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.5M · 141 accts · $89K emplr
2023$1.3M · 141 accts · $78K emplr
2022$1.2M · 200 accts · $86K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,160
Investment management$6,780
Total administrative$24,940
Employer contributions to the Community Senior Life plan · 2024
Employer contribution per active participant$397
Median for plans this size$1,313
2024$397 per active participant
2023$355 per active participant
2022$432 per active participant

Community Senior Life's 2024 employer contribution ran below the $1,313 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$18,160

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$24,940 · 1.78%
2023$23,492 · 1.90%
2022$22,508 · 1.69%
Similar plansHealth Care & Social Assistance · Alabama
St. Martin's-In-The-Pines AL$1.8M · 0.37%
Southern Springs AL$1.8M · 1.21%
Hatley Health Care, Inc. AL$1.7M · 0.90%
Shoals Primary Care, LLC AL$1.4M · 0.22%
The Bridge, Inc. AL$1.2M · 0.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 631001785 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.