Plan Ledger DOL Form 5500 · updated monthly

David Lawrence Mental Health Center, Inc.401(k)

DAVID LAWRENCE MENTAL HEALTH CENTER, INC. 401(K) PLAN · NAPLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

David Lawrence Mental Health Center, Inc. reported $62,309 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,670 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 fell from 0.54% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,400th-largest of 3,644 plans among Florida employers on file, and the 4,595th of 11,911 in health care & social assistance. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 281 to 337 since 2022.

Plan summary
Net assets, end of year$14,459,187
Participants with balances248
Active participants337
Employer contributions$562,938
Employee contributions$1,122,764
Employer contribution per active participant$1,670
Average account balance$58,303
Benefits paid to participants$1,046,522
Plan auditUnmodified (clean) audit opinion
AuditorDG PERRY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 248 accts · $563K emplr
2023$12.3M · 210 accts · $489K emplr
2022$10.1M · 207 accts · $487K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,371
Investment management$31,938
Total administrative$62,309
The David Lawrence Mental Health Center, Inc. 401(k) match · 2024
Employer contribution per active participant$1,670
Median for plans this size$2,416
2024$1,670 per active participant
2023$1,588 per active participant
2022$1,732 per active participant

David Lawrence Mental Health Center, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$30,371
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$22,633
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,305

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$62,309 · 0.47%
2023$49,925 · 0.45%
2022$56,018 · 0.54%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Vaxcare Corporation FL$14.7M · 0.27%
Avow Hospice Inc. FL$14.1M · 0.01%
Lensar, Inc. FL$14.1M · 0.07%
Patriot National Inc. FL$14.1M · 0.10%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592206025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.