Plan Ledger DOL Form 5500 · updated monthly

Family Health Centers, Inc.403(b)

FAMILY HEALTH CENTERS, INC. 403B PLAN · ORANGEBURG, SC · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Family Health Centers, Inc. reported $26,464 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $1,804 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 0.56% to 0.27%. 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 South Carolina (416th of 807), and the 5,593rd of 11,911 in health care & social assistance. In 2024, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,372,590
Participants with balances193
Active participants141
Employer contributions$254,339
Employee contributions$406,429
Employer contribution per active participant$1,804
Average account balance$53,744
Benefits paid to participants$652,401
Plan auditUnmodified (clean) audit opinion
AuditorTERRY HORNE, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 193 accts · $254K emplr
2023$9.1M · 191 accts · $258K emplr
2022$8.0M · 179 accts · $240K emplr
Employer contributions to the Family Health Centers, Inc. plan · 2024
Employer contribution per active participant$1,804
Median for plans this size$1,313
2024$1,804 per active participant
2023$1,924 per active participant
2022$1,763 per active participant

Family Health Centers, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$26,464 · 0.27%
2023$49,788 · 0.58%
2022$47,207 · 0.56%
Similar plansHealth Care & Social Assistance · South Carolina
Wilson Senior Care, Inc. SC$11.6M · 0.18%
Babcock Center, Inc. SC$11.3M · 1.05%
Palmetto Goodwill SC$10.2M · 0.68%
Fdh Holdings, LLC SC$9.8M · 0.77%
Wesley Commons SC$9.8M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570524498 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.