Plan Ledger DOL Form 5500 · updated monthly

Life Care Pastoral Services403(b)

LIFE CARE PASTORAL SERVICES TAX SHELTERED ANNUITY PLAN · PONTE VEDRA BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Life Care Pastoral Services reported $21,783 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $588 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 rose from 0.29% to 0.33%. 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 Florida (2,157th of 3,644), and 6,860th of 11,911 in health care & social assistance. In 2024, employees put in $2.01 for every $1.00 the employer contributed; active participation has grown from 343 to 492 since 2022.

Plan summary
Net assets, end of year$7,022,278
Participants with balances181
Active participants492
Employer contributions$289,191
Employee contributions$582,380
Employer contribution per active participant$588
Average account balance$38,797
Benefits paid to participants$628,168
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 181 accts · $289K emplr
2023$6.0M · 152 accts · $237K emplr
2022$6.1M · 144 accts · $199K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,783
Total administrative$21,783
Employer contributions to the Life Care Pastoral Services plan · 2024
Employer contribution per active participant$588
Median for plans this size$1,313
2024$588 per active participant
2023$525 per active participant
2022$579 per active participant

Life Care Pastoral Services's 2024 employer contribution ran below the $1,313 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,782
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$21,783 · 0.33%
2023$18,395 · 0.30%
2022$20,318 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Menorah Manor, Inc FL$7.2M · 0.57%
Boley Centers, Inc. FL$7.2M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593480191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.