Plan Ledger DOL Form 5500 · updated monthly

Discovery Health Sciences Foundation, Inc.401(k)

DISCOVERY SCHOOLS 401(K) PLAN · KENNER, LA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Discovery Health Sciences Foundation, Inc. reported $22,374 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,046 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 rose from 0.05% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 359th-largest of 884 plans among Louisiana employers on file, and 1,903rd of 3,091 in educational services. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,256,330
Participants with balances609
Active participants428
Employer contributions$875,674
Employee contributions$1,372,279
Employer contribution per active participant$2,046
Average account balance$21,767
Benefits paid to participants$1,000,026
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 609 accts · $876K emplr
2023$10.0M · 551 accts · $778K emplr
2022$7.0M · 451 accts · $675K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,694
Total administrative$22,374
The Discovery Health Sciences Foundation, Inc. 401(k) match · 2024
Employer contribution per active participant$2,046
Median for plans this size$2,416
2024$2,046 per active participant
2023$1,875 per active participant
2022$1,577 per active participant

Discovery Health Sciences Foundation, 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 · 20244
NATIONWIDE$40,087
ECONOMIC GROUP PENSION SERVICES · Other services$10,423
LEAFHOUSE FINANCIAL ADVISORS, LLC · Insurance broker$2,417
PROSPERA FINANCIAL SERVICES · Insurance brokerindirect comp

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$22,374 · 0.19%
2023$4,232 · 0.05%
2022Not separately reported
Similar plansEducational Services · Louisiana
Crescent City Schools LA$16.2M · 0.53%
Collegiate Academies LA$12.8M · 1.11%
Firstline Schools, Inc. LA$11.3M · 0.18%
Alliance Safety Council LA$10.8M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453761886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.