Plan Ledger DOL Form 5500 · updated monthly

Family Health Centers401(k)

FAMILY HEALTH CENTERS 401(K) PLAN · OKANOGAN, WA · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Family Health Centers reported $40,424 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $427 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 3 years on file its reported administrative ratio has held roughly steady near 0.89%. 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 Washington (1,351st of 1,714), and 7,928th of 11,911 in health care & social assistance. In 2024, employees put in $6.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,960,795
Participants with balances242
Active participants243
Employer contributions$103,743
Employee contributions$660,173
Employer contribution per active participant$427
Average account balance$20,499
Benefits paid to participants$385,804
Plan auditUnmodified (clean) audit opinion
AuditorDZA PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 242 accts · $104K emplr
2023$4.1M · 213 accts · $88K emplr
2022$3.7M · 208 accts · $59K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,612
Investment management$13,812
Total administrative$40,424
The Family Health Centers 401(k) match · 2024
Employer contribution per active participant$427
Median for plans this size$1,313
2024$427 per active participant
2023$367 per active participant
2022$242 per active participant

Family Health Centers'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 · 20243
JOHN HANCOCK USA · Recordkeeping · Investment management$2,303
LPL FINANCIAL LLC - RPCP · Investment advisory (participants)$13,813
BENEFITS2 ADMINISTRATORS LLC · Contract administrator$4,460

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$40,424 · 0.89%
2023$33,843 · 0.87%
2022$33,392 · 0.88%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Broughton Dunn PLLC WA$5.3M · 0.72%
Excelsior Wellness WA$5.1M · 0.40%
Skilskin WA$4.8M · 1.83%
Community Living WA$4.6M · 0.88%
Lifelong-Health for All WA$4.3M · 0.45%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 911275011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.