Plan Ledger DOL Form 5500 · updated monthly

El Centro Family Health401(k)

401(K) PLAN FOR THE EMPLOYEES OF EL CENTRO FAMILY HEALTH · ESPANOLA, NM · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

El Centro Family Health reported $19,754 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,552 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 0.19% to 0.12%. 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 99th-largest of 290 plans among New Mexico employers on file, and the 4,137th of 11,911 in health care & social assistance. In 2024, employees put in $2.39 for every $1.00 the employer contributed; active participation has shrunk from 244 to 216 since 2022.

Plan summary
Net assets, end of year$16,966,910
Participants with balances386
Active participants216
Employer contributions$551,232
Employee contributions$1,316,674
Employer contribution per active participant$2,552
Average account balance$43,956
Benefits paid to participants$2,185,359
Plan auditUnmodified (clean) audit opinion
AuditorLOFTIS & LOVATO GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$17.0M · 386 accts · $551K emplr
2023$15.6M · 393 accts · $565K emplr
2022$14.8M · 387 accts · $582K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,599
Investment management$11,155
Total administrative$19,754
The El Centro Family Health 401(k) match · 2024
Employer contribution per active participant$2,552
Median for plans this size$2,416
2024$2,552 per active participant
2023$2,502 per active participant
2022$2,385 per active participant

El Centro Family Health's 2024 employer contribution ran above 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$127,957

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$19,754 · 0.12%
2023$27,952 · 0.18%
2022$25,728 · 0.19%
Same employer
Similar plansHealth Care & Social Assistance · New Mexico
Artesia General Hospital NM$21.5M · 0.44%
Arca NM$16.5M · 0.67%
Youth Development, Inc. NM$16.4M · 0.31%
La Familia Medical Center NM$12.5M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850244588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.