Plan Ledger DOL Form 5500 · updated monthly

Legacy Healthcare Services, Inc.401(k)

LEGACY HEALTHCARE SERVICES, INC. 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Legacy Healthcare Services, Inc. reported $149,091 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $281 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 0.56% to 0.41%. 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 466th-largest of 2,005 plans among North Carolina employers on file, and the 2,285th of 11,911 in health care & social assistance. In 2024, employees put in $6.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,899,095
Participants with balances1,265
Active participants2,454
Employer contributions$690,781
Employee contributions$4,169,216
Employer contribution per active participant$281
Average account balance$30,750
Benefits paid to participants$6,012,606
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS JUDY AND TUCKER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$38.9M · 1,265 accts · $691K emplr
2023$34.5M · 1,471 accts · $690K emplr
2022$25.6M · 1,093 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,123
Investment management$45,968
Total administrative$149,091
The Legacy Healthcare Services, Inc. 401(k) match · 2024
Employer contribution per active participant$281
Median for plans this size$2,416
2024$281 per active participant
2023$217 per active participant

Legacy Healthcare Services, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$103,123
USI ADVISORS, INC. · Investment advisory (plan)$45,968

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$149,091 · 0.41%
2023$134,835 · 0.45%
2022$156,797 · 0.56%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Hillco, LTD. NC$41.9M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311679605 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.