Plan Ledger DOL Form 5500 · updated monthly

Lakeview Center, Inc.403(b)

LAKEVIEW CENTER INC RETIREMENT SAVINGS 403(B) PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Lakeview Center, Inc. reported $323,915 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,227 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 fell from 0.35% to 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 287th-largest of 3,644 plans among Florida employers on file, and the 968th of 11,911 in health care & social assistance. In 2024, the employer put in $1.19 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$116,732,463
Participants with balances3,786
Active participants2,591
Employer contributions$5,771,413
Employee contributions$4,862,083
Employer contribution per active participant$2,227
Average account balance$30,833
Benefits paid to participants$9,036,681
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$116.7M · 3,786 accts · $5.8M emplr
2023$100.9M · 3,664 accts · $5.3M emplr
2022$84.7M · 3,467 accts · $5.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$202,459
Investment management$121,456
Total administrative$323,915
Employer contributions to the Lakeview Center, Inc. plan · 2024
Employer contribution per active participant$2,227
Median for plans this size$3,635
2024$2,227 per active participant
2023$2,064 per active participant
2022$2,058 per active participant

Lakeview Center, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20246
VOYA INSTITUTIONAL PLAN SERVICES, L · Investment management · Loan processing$134,360
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$62,928
MARINER INSTITUTIONAL, LLC · Investment advisory (plan)$22,500
FORVIS, LLP · Accounting / audit$17,325
ANDCO CONSULTING LLC · Investment advisory (plan)$11,250
BRADLEY ARANT BOULT CUMMINGS LLP · Legal$7,150

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$323,915 · 0.30%
2023$292,125 · 0.31%
2022$321,423 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Jupiter Medical Center, Inc. FL$126.0M · 0.30%
Radiology Imaging Associates FL$112.4M · 0.08%
One Call Corporation FL$97.7M · 0.39%
Kidz Medical Services, Inc. FL$90.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590737872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.