Plan Ledger DOL Form 5500 · updated monthly

El Centro de Corazon401(k)

EL CENTRO DE CORAZON 401(K) PROFIT SHARING PLAN AND TRUST · HOUSTON, TX · plan year 2023

Reported admin expense ratio · 2023
0.79%

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

El Centro de Corazon reported $30,719 in plan administrative expenses for 2023: 0.79% of average plan assets, above the peer median. Employer contributions averaged $1,108 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 0.65% to 0.79%. 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 Texas (4,238th of 5,688), and 8,381st of 11,911 in health care & social assistance. In 2023, employees put in $2.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,245,648
Participants with balances94
Active participants102
Employer contributions$112,998
Employee contributions$325,142
Employer contribution per active participant$1,108
Average account balance$45,166
Benefits paid to participants$287,224
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2023$4.2M · 94 accts · $113K emplr
2022$3.5M · 93 accts · $112K emplr
2021$3.8M · 117 accts · $150K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,839
Investment management$7,940
Total administrative$30,719
The El Centro de Corazon 401(k) match · 2023
Employer contribution per active participant$1,108
Median for plans this size$1,308
2023$1,108 per active participant
2022$1,135 per active participant
2021$1,481 per active participant

El Centro de Corazon's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$15,874
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$14,839

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

Administrative cost history3
2023$30,719 · 0.79%
2022$28,641 · 0.78%
2021$22,151 · 0.65%
Similar plansHealth Care & Social Assistance · Texas
A World for Children TX$4.3M · 0.38%
Autism Treatment Center TX$4.2M · 0.25%
Reach Unlimited, Inc. TX$4.1M · 0.96%
Summus Health Care, LLC TX$4.1M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760442781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.