Plan Ledger DOL Form 5500 · updated monthly

Lowell Community Health Center, Inc.403(b)

LOWELL COMMUNITY HEALTH CENTER 403(B) PLAN · LOWELL, MA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Lowell Community Health Center, Inc. reported $7,107 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 rose from 0.04% to 0.06%. 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 among the smaller plans on file in Massachusetts (1,694th of 2,726), and the 5,022nd of 11,911 in health care & social assistance. active participation has grown from 423 to 566 since 2021.

Plan summary
Net assets, end of year$12,492,739
Participants with balances215
Active participants566
Employer contributions$0
Employee contributions$1,592,370
Employer contribution per active participant$0
Average account balance$58,106
Benefits paid to participants$1,472,937
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$12.5M · 215 accts
2023$10.7M · 208 accts
2022$8.3M · 76 accts
2021$9.7M
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,122
Investment management$2,985
Total administrative$7,107
Employer contributions to the Lowell Community Health Center, Inc. plan · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Lowell 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
EMPOWER ADVISORY GROUP, LLC · Investment management$2,985

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

Administrative cost history4
2024$7,107 · 0.06%
2023$3,762 · 0.04%
2022$2,856 · 0.03%
2021$3,262 · 0.04%
All plans at this employer2
LOWELL COMMUNITY HEALTH CENTER 403(B) PLAN403(b)
LOWELL COMMUNITY HEALTH CENTER 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Fallon Service, Inc. MA$13.1M · 0.19%
Dimock Community Foundation MA$13.1M · 0.51%
Welch Senior Living, LLC MA$12.3M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042881348 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.