Plan Ledger DOL Form 5500 · updated monthly

Lutheran Seniorlife/Passavant Retirement & Health Center403(b)

LUTHERAN SENIORLIFE EMPLOYEES' RETIREMENT SAVINGS PLAN · MARS, PA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Lutheran Seniorlife/Passavant Retirement & Health Center reported $124,802 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $757 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 0.22% to 0.24%. 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 746th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,775th of 11,911 in health care & social assistance. In 2024, employees put in $2.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,262,740
Participants with balances931
Active participants1,233
Employer contributions$933,286
Employee contributions$2,682,619
Employer contribution per active participant$757
Average account balance$57,210
Benefits paid to participants$5,338,499
Plan auditUnmodified (clean) audit opinion
AuditorMCCALL, SCANLON & TICE, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$53.3M · 931 accts · $933K emplr
2023$49.1M · 941 accts · $870K emplr
2022$42.1M · 940 accts · $809K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$87,302
Investment management$37,500
Total administrative$124,802
Employer contributions to the Lutheran Seniorlife/Passavant Retirement & Health Center plan · 2024
Employer contribution per active participant$757
Median for plans this size$3,635
2024$757 per active participant
2023$733 per active participant
2022$687 per active participant

Lutheran Seniorlife/Passavant Retirement & Health Center'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 · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$85,529
ALLIANT RETIREMENT SERVICES LLC · Investment management$37,500
AXA EQUITABLE LIFE INSURANCE · Investment management · Trustee (directed)$295
LINCOLN NATIONAL CORPORATION · Contract administrator$100
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
VARIABLE ANNUITY LIFE INSURANCE CO · Custodial (securities) · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$124,802 · 0.24%
2023$106,286 · 0.23%
2022$99,883 · 0.22%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Kencrest Services, Inc. PA$54.8M · 0.54%
Glen Mills Schools PA$54.1M · 0.15%
Woods Services, Inc. PA$53.3M · 0.21%
Guardian Healthcare PA$50.7M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251527666 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.