Plan Ledger DOL Form 5500 · updated monthly

Fetter Health Care Network, Inc.403(b)

FETTER HEALTH CARE NETWORK, INC. 403(B) TAX-SHELTERED ANNUITY PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Fetter Health Care Network, Inc. reported $70,917 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $2,712 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 1.36% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in South Carolina (446th of 807), and 1,766th of 3,341 in other services. In 2024, employees put in $1.28 for every $1.00 the employer contributed; active participation has grown from 131 to 160 since 2022.

Plan summary
Net assets, end of year$8,928,021
Participants with balances259
Active participants160
Employer contributions$433,840
Employee contributions$555,579
Employer contribution per active participant$2,712
Average account balance$34,471
Benefits paid to participants$1,596,742
Plan auditUnmodified (clean) audit opinion
AuditorTERRY HORNE, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 259 accts · $434K emplr
2023$8.4M · 373 accts · $428K emplr
2022$6.9M · 194 accts · $419K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,917
Total administrative$70,917
Employer contributions to the Fetter Health Care Network, Inc. plan · 2024
Employer contribution per active participant$2,712
Median for plans this size$1,313
2024$2,712 per active participant
2023$2,850 per active participant
2022$3,197 per active participant

Fetter Health Care Network, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20245
OSAIC WEALTH INC · Investment advisory (plan)$41,638
ASCENSUS HOLDINGS INC · Contract administrator$6,740
NOVA 401(K) ASSOCIATES · Contract administrator$379
ASCENSUS INCindirect comp

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$70,917 · 0.82%
2023$61,823 · 0.81%
2022$98,625 · 1.36%
Similar plansOther Services · South Carolina
Detyens Shipyards, Inc. SC$16.6M · 0.44%
Opterra Solutions, Inc. SC$10.7M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570604703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.