Plan Ledger DOL Form 5500 · updated monthly

Lincoln Behavioral ServicesDC plan

403(B) THRIFT PLAN OF LINCOLN BEHAVIORAL SERVICES · REDFORD, MI · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Lincoln Behavioral Services reported $1,226 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,421 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 0.02% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (1,791st of 2,619), and 6,870th of 11,911 in health care & social assistance. In 2023, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,006,286
Participants with balances196
Active participants204
Employer contributions$289,931
Employee contributions$367,058
Employer contribution per active participant$1,421
Average account balance$35,746
Benefits paid to participants$1,016,600
Plan auditUnmodified (clean) audit opinion
AuditorYEO & YEO
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 219 accts
2023$7.0M · 196 accts · $290K emplr
2022$6.5M · 215 accts · $265K emplr
Employer contributions to the Lincoln Behavioral Services plan · 2023
Employer contribution per active participant$1,421
Median for plans this size$1,308
2023$1,421 per active participant
2022$1,345 per active participant

Lincoln Behavioral Services's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,226

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,833 · 0.03%
2023$1,226 · 0.02%
2022$1,299 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Naberhaus Therapy Inc MI$7.4M · 0.32%
Svrc Industries, Inc. MI$7.2M · 0.21%
R3 Continuum, LLC MI$6.9M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382833497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.