Plan Ledger DOL Form 5500 · updated monthly

Franciscan Surgery Center, LLC401(k)

FRANCISCAN SURGERY CENTER, LLC 401(K) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Franciscan Surgery Center, LLC reported $44,831 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $4,543 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 0.66% to 0.61%. 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 Indiana (982nd of 1,562), and 6,385th of 11,911 in health care & social assistance. In 2024, employees put in $1.34 for every $1.00 the employer contributed; active participation has grown from 96 to 116 since 2022.

Plan summary
Net assets, end of year$8,151,581
Participants with balances127
Active participants116
Employer contributions$526,949
Employee contributions$703,504
Employer contribution per active participant$4,543
Average account balance$64,186
Benefits paid to participants$417,606
Plan auditUnmodified (clean) audit opinion
AuditorKATZ SAPPER AND MILLER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 127 accts · $527K emplr
2023$6.4M · 126 accts · $531K emplr
2022$4.6M · 117 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,831
Total administrative$44,831
The Franciscan Surgery Center, LLC 401(k) match · 2024
Employer contribution per active participant$4,543
Median for plans this size$1,313
2024$4,543 per active participant
2023$5,057 per active participant
2022$4,497 per active participant

Franciscan Surgery Center, LLC'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 · 20242
JOHN HANCOCK USA · Recordkeeping$793
LPL FINANCIAL, LLC · Investment advisory (participants)$19,707

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$44,831 · 0.61%
2023$37,166 · 0.67%
2022$30,226 · 0.66%
Similar plansHealth Care & Social Assistance · Indiana
Lasting Change, Inc. IN$8.5M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352128334 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.