Plan Ledger DOL Form 5500 · updated monthly

Golden State Health Centers, Inc.401(k)

GOLDEN STATE HEALTH CENTERS, INC. 401(K) PLAN · SHERMAN OAKS, CA · plan year 2023

Reported admin expense ratio · 2023
0.96%

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

Golden State Health Centers, Inc. reported $80,202 in plan administrative expenses for 2023: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $234 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 has held roughly steady near 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (5,783rd of 9,483), and 6,114th of 11,911 in health care & social assistance. In 2023, employees put in $3.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,830,873
Participants with balances484
Active participants795
Employer contributions$185,775
Employee contributions$563,228
Employer contribution per active participant$234
Average account balance$18,246
Benefits paid to participants$831,760
Plan auditUnmodified (clean) audit opinion
AuditorMIRACLE MILE RIA
Plan history2
Yearassets · accounts · employer contribution
2023$8.8M · 484 accts · $186K emplr
2022$7.8M · 161 accts · $231K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,870
Investment management$38,332
Total administrative$80,202
The Golden State Health Centers, Inc. 401(k) match · 2023
Employer contribution per active participant$234
Median for plans this size$1,308
2023$234 per active participant
2022$311 per active participant

Golden State Health Centers, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PROFESSIONAL CAPITAL SERVICES, LLC · Contract administrator · Recordkeeping$41,870
ARI MILLER INSURANCE AGENCY INC$89,954
MIRACLE MILE ADVISORS, LLC · Investment advisory (plan)$38,332
SHOMER INSURANCE SERVICES$33,183

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

Administrative cost history2
2023$80,202 · 0.96%
2022$85,281 · 0.98%
Similar plansHealth Care & Social Assistance · California
Alma Family Services CA$8.9M · 0.04%
Principles, Inc. CA$8.9M · 0.12%
Ck Franchising, Inc. CA$8.8M · 1.00%
Homebridge, Inc. CA$8.8M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952564948 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.