Plan Ledger DOL Form 5500 · updated monthly

Greenwood Genetic Center401(k)

403(B) THRIFT PLAN OF GREENWOOD GENETIC CENTER · GREENWOOD, SC · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Greenwood Genetic Center reported $28,823 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,546 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 0.00% to 0.08%. 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 153rd-largest of 807 plans among South Carolina employers on file, and the 2,325th of 11,911 in health care & social assistance. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$37,988,110
Participants with balances253
Active participants195
Employer contributions$1,276,466
Employee contributions$1,261,709
Employer contribution per active participant$6,546
Average account balance$150,151
Benefits paid to participants$6,539,151
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.0M · 253 accts · $1.3M emplr
2023$37.5M · 307 accts · $1.1M emplr
2022$32.1M · 299 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,823
Total administrative$28,823
The Greenwood Genetic Center 401(k) match · 2024
Employer contribution per active participant$6,546
Median for plans this size$2,416
2024$6,546 per active participant
2023$5,756 per active participant
2022$5,608 per active participant

Greenwood Genetic Center's 2024 employer contribution ran above the $2,416 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$28,823

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$28,823 · 0.08%
2023$1,786 · 0.01%
2022$511 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Eye Health America, LLC SC$45.3M · 0.76%
Inspirium Health, LLC SC$39.6M · 0.51%
Arcis Healthcare, LLC SC$37.8M · 0.02%
Hmr Veterans Services, Inc. SC$35.0M · 0.70%
Hopehealth, Inc. SC$32.7M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570604070 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.