Plan Ledger DOL Form 5500 · updated monthly

Florida Community Health Centers401(k)

FLORIDA COMMUNITY HEALTH CENTERS , INC. 401(K) PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Florida Community Health Centers reported $89,611 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,807 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 0.82% to 0.68%. 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 the 1,412th-largest of 3,644 plans among Florida employers on file, and the 4,627th of 11,911 in health care & social assistance. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,267,054
Participants with balances336
Active participants327
Employer contributions$590,801
Employee contributions$1,259,454
Employer contribution per active participant$1,807
Average account balance$42,461
Benefits paid to participants$1,489,783
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 336 accts · $591K emplr
2023$12.1M · 354 accts · $644K emplr
2022$10.2M · 354 accts · $681K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,035
Investment management$26,576
Total administrative$89,611
The Florida Community Health Centers 401(k) match · 2024
Employer contribution per active participant$1,807
Median for plans this size$2,416
2024$1,807 per active participant
2023$1,803 per active participant
2022$1,936 per active participant

Florida Community Health Centers's 2024 employer contribution ran below the $2,416 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.

Service providers · 20242
ADP, INC. · Loan processing · Recordkeeping$63,035
TRUIST ADVISORY SERVICES, INC. · Recordkeeping · Trustee$26,576

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

Recordkeeper by year2
2024ADP, TRUIST ADVISORY SERVICES, INC.
2023ADP, BB&T SECURITIES, LLC, TRUIST ADVISORY SERVICES, INC.

This plan has changed recordkeepers within these filings. If you left Florida Community Health Centers before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$89,611 · 0.68%
2023$82,565 · 0.74%
2022$94,365 · 0.82%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Vaxcare Corporation FL$14.7M · 0.27%
Avow Hospice Inc. FL$14.1M · 0.01%
Lensar, Inc. FL$14.1M · 0.07%
Patriot National Inc. FL$14.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591671640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.