Plan Ledger DOL Form 5500 · updated monthly

Essential Access Health401(k)

THE ESSENTIAL ACCESS HEALTH EMPLOYEE RETIREMENT PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Essential Access Health reported $1,697 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,969 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 0.01% to 0.02%. 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 among the smaller plans on file in California (5,134th of 9,483), and the 5,353rd of 11,911 in health care & social assistance. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 62 to 70 since 2022.

Plan summary
Net assets, end of year$11,309,592
Participants with balances113
Active participants70
Employer contributions$417,825
Employee contributions$469,673
Employer contribution per active participant$5,969
Average account balance$100,085
Benefits paid to participants$1,930,615
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 113 accts · $418K emplr
2023$11.0M · 106 accts · $385K emplr
2022$9.3M · 109 accts · $329K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$650
Investment management$1,047
Total administrative$1,697
The Essential Access Health 401(k) match · 2024
Employer contribution per active participant$5,969
Median for plans this size$2,416
2024$5,969 per active participant
2023$6,642 per active participant
2022$5,301 per active participant

Essential Access Health's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$650

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$1,697 · 0.02%
2023$1,566 · 0.02%
2022$1,121 · 0.01%
Similar plansHealth Care & Social Assistance · California
Brethren Hillcrest Homes CA$11.3M · 0.55%
Asian American Drug Abuse CA$11.3M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952564024 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.