Plan Ledger DOL Form 5500 · updated monthly

Frederiksted Health Care Inc.403(b)

FREDERIKSTED HEALTH CARE INC 403(B) RETIREMENT PLAN · ST. CROIX, VI · plan year 2024

Reported admin expense ratio · 2024
1.42%

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

Frederiksted Health Care Inc. reported $58,989 in plan administrative expenses for 2024: 1.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,181 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 rose from 1.06% to 1.42%. 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 VI (9th of 13), and 8,211th of 11,911 in health care & social assistance. In 2024, employees put in $1.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,516,241
Participants with balances177
Active participants156
Employer contributions$340,175
Employee contributions$452,235
Employer contribution per active participant$2,181
Average account balance$25,515
Benefits paid to participants$465,394
Plan auditUnmodified (clean) audit opinion
AuditorSMART SOLUTIONS CPA INC
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 177 accts · $340K emplr
2023$3.8M · 162 accts · $297K emplr
2022$2.9M · 154 accts · $280K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,347
Investment management$19,484
Total administrative$58,989
Employer contributions to the Frederiksted Health Care Inc. plan · 2024
Employer contribution per active participant$2,181
Median for plans this size$1,313
2024$2,181 per active participant
2023$1,857 per active participant
2022$1,689 per active participant

Frederiksted Health Care 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.

Service providers · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$20,562
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$19,484

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$58,989 · 1.42%
2023$33,312 · 1.00%
2022$29,577 · 1.06%
Similar plansHealth Care & Social Assistance · VI
Youable Emotional Health MN$4.5M · 0.85%
Ozark Action, Inc. MO$4.5M · 0.21%
Ventura Services Fl LLC FL$4.5M · 1.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660586667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.