Damen Healthcare Group, LLC401(k)
DAMEN HEALTHCARE 401(K) PLAN · LINCOLNWOOD, IL · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Damen Healthcare Group, LLC reported $32,765 in plan administrative expenses for 2023: 0.83% of average plan assets, higher than ~75% of peers. Employer contributions averaged $129 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 has held roughly steady near 0.83%. 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 Illinois (2,977th of 3,702), and 8,012th of 11,911 in health care & social assistance. In 2023, employees put in $5.32 for every $1.00 the employer contributed; active participation has grown from 932 to 1,719 since 2022.
Damen Healthcare Group, LLC's 2023 employer contribution ran below the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 471650646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.