Plan Ledger DOL Form 5500 · updated monthly

Lakeview Health Services, Inc.401(k)

LAKEVIEW HEALTH 401(K) PLAN · GENEVA, NY · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Lakeview Health Services, Inc. reported $6,049 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,714 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 0.117%. 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 New York (4,384th of 5,648), and 7,626th of 11,911 in health care & social assistance. In 2024, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,504,019
Participants with balances177
Active participants133
Employer contributions$227,947
Employee contributions$402,644
Employer contribution per active participant$1,714
Average account balance$31,096
Benefits paid to participants$600,558
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 177 accts · $228K emplr
2023$4.9M · 174 accts · $213K emplr
2022$3.8M · 165 accts · $183K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,049
Total administrative$6,049
The Lakeview Health Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,714
Median for plans this size$1,313
2024$1,714 per active participant
2023$1,570 per active participant
2022$1,358 per active participant

Lakeview Health Services, Inc.'s 2024 employer contribution ran above 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 · 20241
ASCENSUS LLC · Loan processing · Recordkeeping$6,049

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

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Administrative cost history3
2024$6,049 · 0.12%
2023$3,690 · 0.08%
2022$5,055 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · New York
Community Health Center NY$5.6M · 0.55%
Vanderheyden Hall, Inc. NY$5.5M · 0.77%
Bethel Methodist Home NY$5.5M · 0.67%
Innovative Services, Inc. NY$5.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222215112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.