Plan Ledger DOL Form 5500 · updated monthly

Life Generations Healthcare, LLC401(k)

GENERATIONS HEALTHCARE, LLC 401(K) PLAN · SANTA ANA, CA · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Life Generations Healthcare, LLC reported $348,732 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~90% of peers. Employer contributions averaged $62 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 0.69% to 0.57%. 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 1,427th-largest of 9,483 plans among California employers on file, and the 1,519th of 11,911 in health care & social assistance. In 2024, employees put in $21.65 for every $1.00 the employer contributed; active participation has grown from 3,090 to 4,034 since 2022.

Plan summary
Net assets, end of year$64,796,931
Participants with balances1,755
Active participants4,034
Employer contributions$250,000
Employee contributions$5,413,738
Employer contribution per active participant$62
Average account balance$36,921
Benefits paid to participants$6,662,216
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$64.8M · 1,755 accts · $250K emplr
2023$56.8M · 1,687 accts
2022$48.4M · 1,550 accts
The Life Generations Healthcare, LLC 401(k) match · 2024
Employer contribution per active participant$62
Median for plans this size$3,635

Life Generations Healthcare, LLC's 2024 employer contribution ran below the $3,635 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
NATIONAL BENEFIT SERVICES, LLC · Contract administrator$74,116
CENTAURUS FINANCIAL INCindirect 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$348,732 · 0.57%
2023$348,564 · 0.66%
2022$360,777 · 0.69%
Same employer
Similar plansHealth Care & Social Assistance · California
Sansum Clinic CA$67.1M · 0.21%
Sutter Bay Hospitals CA$67.1M · 0.02%
Staar Surgical Company CA$65.5M · 0.44%
St. Rose Hospital CA$63.5M · 0.16%
Sage Veterinary Centers, LP CA$62.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330838455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.