Plan Ledger DOL Form 5500 · updated monthly

Low Country Health Care System403(b)

LOW COUNTRY HEALTH CARE SYSTEM 403B MATCHING RETIREMENT PLAN · FAIRFAX, SC · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Low Country Health Care System reported $73,184 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,463 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 3 years on file its reported administrative ratio has held roughly steady near 0.86%. 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 South Carolina (447th of 807), and 6,095th of 11,911 in health care & social assistance. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,890,361
Participants with balances232
Active participants240
Employer contributions$351,082
Employee contributions$523,952
Employer contribution per active participant$1,463
Average account balance$38,321
Benefits paid to participants$1,152,878
Plan auditUnmodified (clean) audit opinion
AuditorMCGREGOR AND COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 232 accts · $351K emplr
2023$8.2M · 218 accts · $357K emplr
2022$7.1M · 207 accts · $326K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,591
Total administrative$73,184
Employer contributions to the Low Country Health Care System plan · 2024
Employer contribution per active participant$1,463
Median for plans this size$1,313
2024$1,463 per active participant
2023$1,505 per active participant
2022$1,363 per active participant

Low Country Health Care System's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NORTHWESTERN MUTUAL INVESTMENT SERVindirect 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$73,184 · 0.86%
2023$60,547 · 0.79%
2022$61,602 · 0.82%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
We Are Sharing Hope Sc SC$8.7M · 0.62%
Intramed Plus, Inc. SC$8.5M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582366697 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.