Plan Ledger DOL Form 5500 · updated monthly

Lincoln Community Health Center, Inc.403(b)

LINCOLN COMMUNITY HEALTH CENTER, INC. INTERNAL REVENUE CODE SECTION 403(B) · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Lincoln Community Health Center, Inc. reported $53,727 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $886 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 0.13% to 0.32%. 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 783rd-largest of 2,005 plans among North Carolina employers on file, and the 3,989th of 11,911 in health care & social assistance. In 2024, employees put in $3.64 for every $1.00 the employer contributed; active participation has grown from 224 to 258 since 2022.

Plan summary
Net assets, end of year$17,908,059
Participants with balances145
Active participants258
Employer contributions$228,579
Employee contributions$831,281
Employer contribution per active participant$886
Average account balance$123,504
Benefits paid to participants$795,316
Plan auditDisclaimer of opinion
AuditorS PRESTON DOUGLAS & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 145 accts · $229K emplr
2023$15.8M · 144 accts · $231K emplr
2022$14.4M · 139 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,727
Total administrative$53,727
Employer contributions to the Lincoln Community Health Center, Inc. plan · 2024
Employer contribution per active participant$886
Median for plans this size$2,416
2024$886 per active participant
2023$927 per active participant
2022$963 per active participant

Lincoln Community Health Center, 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$53,727
GALLAGHER FIDUCIARY 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$53,727 · 0.32%
2023$47,601 · 0.32%
2022$18,231 · 0.13%
All plans at this employer2
LINCOLN COMMUNITY HEALTH CENTER, INC. RETIREMENT PLANMoney purchase plan
LINCOLN COMMUNITY HEALTH CENTER, INC. INTERNAL REVENUE CODE SECTION 403(B)403(b)
Same employer
Similar plansHealth Care & Social Assistance · North Carolina

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Source: U.S. Department of Labor, Form 5500 series, EIN 561031244 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.