Plan Ledger DOL Form 5500 · updated monthly

Harborview Health Systems, Inc.401(k)

HARBORVIEW HEALTH SYSTEMS 401(K) PROFIT SHARING PLAN · BLACKSHEAR, GA · plan year 2024

Reported admin expense ratio · 2024
9.75%

Harborview Health Systems, Inc. reported $205,917 in plan administrative expenses for 2024: 9.75% of average plan assets, higher than ~90% of peers. 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 1.55% to 9.75%. 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 Georgia (1,868th of 2,160), and 9,526th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,651,353
Participants with balances2,483
Active participants2,706
Employer contributions—
Employee contributions$1,444,649
Employer contribution per active participant—
Average account balance$1,068
Benefits paid to participants$382,426
Plan auditUnmodified (clean) audit opinion
AuditorGGM ASSOCIATES INC
Plan history2
Yearassets · accounts · employer contribution
2024$2.7M · 2,483 accts
2022$402K · 92 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$197,034
Investment management$8,883
Total administrative$205,917
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
ADP, INC. · Loan processing · Recordkeeping$197,034
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$8,883
ADP BROKER-DEALER · Other servicesindirect comp

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

Administrative cost history2
2024$205,917 · 9.75%
2022$5,562 · 1.55%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Hallmark Systems, Inc. GA$2.9M · 0.51%
Families First, Inc. GA$2.8M · 0.02%
C. Ross Management, LLC GA$2.7M · 1.39%
Pineleaf Investments Inc. GA$2.5M · 1.27%
Gold Cross Ems, Inc. GA$2.4M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812116211 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.