Plan Ledger DOL Form 5500 · updated monthly

East Ridge Retirement Village403(b)

SFSL AFFILIATES 403(B) RETIREMENT PLAN · GAINESVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

East Ridge Retirement Village reported $18,383 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $418 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 0.79% to 0.41%. 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 Florida (2,549th of 3,644), and 8,075th of 11,911 in health care & social assistance. In 2024, employees put in $3.39 for every $1.00 the employer contributed; active participation has shrunk from 467 to 333 since 2022.

Plan summary
Net assets, end of year$4,705,161
Participants with balances187
Active participants333
Employer contributions$139,309
Employee contributions$472,454
Employer contribution per active participant$418
Average account balance$25,161
Benefits paid to participants$774,579
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $36K emplr
2024$4.7M · 187 accts · $139K emplr
2023$4.3M · 206 accts · $152K emplr
2022$3.5M · 218 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,363
Investment management$20
Total administrative$18,383
Employer contributions to the East Ridge Retirement Village plan · 2024
Employer contribution per active participant$418
Median for plans this size$1,313
2024$418 per active participant
2023$294 per active participant
2022$215 per active participant

East Ridge Retirement Village'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
LINCOLN NATIONAL CORPORATION · Contract administrator$18,363

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

Administrative cost history4
2025Not separately reported
2024$18,383 · 0.41%
2023$19,426 · 0.49%
2022$29,486 · 0.79%
Similar plansHealth Care & Social Assistance · Florida
Tomoka Eye Associates PA FL$4.9M · 0.76%
Chapman Partnership FL$4.8M · 0.41%
The Lord's Place, Inc. FL$4.7M · 0.04%
Children's Forum, Inc. FL$4.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590903331 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.