Plan Ledger DOL Form 5500 · updated monthly

Elm Terrace Gardens403(b)

RETIREMENT PLAN OF ELM TERRACE GARDENS · LANSDALE, PA · plan year 2023

Reported admin expense ratio · 2023
1.03%

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

Elm Terrace Gardens reported $51,002 in plan administrative expenses for 2023: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,041 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 1.01% to 1.16%. 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 Pennsylvania (2,880th of 3,651), and 7,907th of 11,911 in health care & social assistance. In 2023, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,999,228
Participants with balances92
Active participants205
Employer contributions$213,384
Employee contributions$272,175
Employer contribution per active participant$1,041
Average account balance$54,339
Benefits paid to participants$848,201
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH+BROWN, PCC
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 87 accts · $198K emplr
2023$5.0M · 92 accts · $213K emplr
2022$4.9M · 88 accts · $200K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$51,002
Total administrative$51,002
Employer contributions to the Elm Terrace Gardens plan · 2023
Employer contribution per active participant$1,041
Median for plans this size$1,308
2024$1,572 per active participant
2023$1,041 per active participant
2022$912 per active participant

Elm Terrace Gardens'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 · 20231
SECURITY BENEFIT · Recordkeeping · Pension consulting$50,252

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

Recordkeeper by year2
2024SECURITY BENEFIT
2023SECURITY BENEFIT

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

Administrative cost history3
2024$54,602 · 1.16%
2023$51,002 · 1.03%
2022$45,089 · 1.01%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Riddle Village PA$5.1M · 0.04%
Philabundance PA$5.1M · 0.51%
Caring People Alliance PA$4.9M · 0.94%
One Senior Care, Inc. PA$4.9M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232132688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.