Plan Ledger DOL Form 5500 · updated monthly

Gardner Family Health Network401(k)

GARDNER 401(K) PLAN FOR NON-UNION EMPLOYEES · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Gardner Family Health Network reported $118,307 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,248 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 0.32% to 0.43%. 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 2,772nd-largest of 9,483 plans among California employers on file, and the 2,871st of 11,911 in health care & social assistance. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 196 to 229 since 2022.

Plan summary
Net assets, end of year$28,739,612
Participants with balances587
Active participants229
Employer contributions$743,727
Employee contributions$1,165,020
Employer contribution per active participant$3,248
Average account balance$48,960
Benefits paid to participants$2,811,536
Plan auditUnmodified (clean) audit opinion
AuditorJWT & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$28.7M · 587 accts · $744K emplr
2023$26.4M · 565 accts · $691K emplr
2022$22.7M · 625 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Investment management$118,307
Total administrative$118,307
The Gardner Family Health Network 401(k) match · 2024
Employer contribution per active participant$3,248
Median for plans this size$2,416
2024$3,248 per active participant
2023$2,866 per active participant
2022$6,902 per active participant

Gardner Family Health Network's 2024 employer contribution ran above 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 · 20243
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$81,739
EMPOWER ADVISORY GROUP, LLC · Investment management$36,568

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$118,307 · 0.43%
2023$86,158 · 0.35%
2022$77,569 · 0.32%
All plans at this employer3
GARDNER 401(K) PLAN FOR NON-UNION EMPLOYEES401(k)
GARDNER 401(K) PLAN FOR AFSCME LOCAL 101 REPRESENTED EMPLOYEES401(k)
GARDNER 401(K) PLAN FOR SEIU REPRESENTED EMPLOYEES401(k)
Same employer
Similar plansHealth Care & Social Assistance · California
Workcare, Inc. CA$28.9M · 0.67%
Nvision Eye Centers, LLC CA$28.9M · 0.64%
Marin Community Clinics CA$28.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941743078 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.