Plan Ledger DOL Form 5500 · updated monthly

La Red Health Center, Inc.403(b)

LA RED HEALTH CENTER INC 403(B) PLAN · GEORGETOWN, DE · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

La Red Health Center, Inc. reported $35,984 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,094 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 3 years on file its reported administrative ratio has held roughly steady near 1.15%. 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 Delaware (209th of 242), and 8,902nd of 11,911 in health care & social assistance. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,516,414
Participants with balances239
Active participants169
Employer contributions$184,848
Employee contributions$306,006
Employer contribution per active participant$1,094
Average account balance$14,713
Benefits paid to participants$151,817
Plan auditUnmodified (clean) audit opinion
AuditorWHISMAN GIORDANO & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 239 accts · $185K emplr
2023$2.7M · 206 accts · $125K emplr
2022$2.1M · 201 accts · $59K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,864
Investment management$5,995
Total administrative$35,984
Employer contributions to the La Red Health Center, Inc. plan · 2024
Employer contribution per active participant$1,094
Median for plans this size$1,313
2024$1,094 per active participant
2023$841 per active participant
2022$357 per active participant

La Red Health Center, Inc.'s 2024 employer contribution ran below 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 · 20243
ASCENSUS LLC · Loan processing · Recordkeeping$28,864
LINCOLN FINANCIAL ADVISORS · Investment advisory (plan)$5,995

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$35,984 · 1.15%
2023$28,758 · 1.20%
2022$26,704 · 1.16%
Same employer
Similar plansHealth Care & Social Assistance · Delaware
Overjet DE$5.7M · 0.12%
United Medical, LLC DE$3.6M · 0.71%
People's Place II, Inc. DE$2.9M · 0.05%
Biotek Remedys DE$2.4M · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141850828 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.