Plan Ledger DOL Form 5500 · updated monthly

Mature Care of Standifer Place, LLC401(k)

MATURE CARE OF STANDIFER PLACE 401(K) PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Mature Care of Standifer Place, LLC reported $14,841 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $173 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 fell from 0.37% to 0.35%. 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 Tennessee (1,122nd of 1,496), and 8,316th of 11,911 in health care & social assistance. In 2024, employees put in $3.61 for every $1.00 the employer contributed; active participation has grown from 539 to 671 since 2022.

Plan summary
Net assets, end of year$4,329,836
Participants with balances144
Active participants671
Employer contributions$115,764
Employee contributions$418,016
Employer contribution per active participant$173
Average account balance$30,068
Benefits paid to participants$816,740
Plan auditUnmodified (clean) audit opinion
AuditorPURYEAR & NOONAN
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 144 accts · $116K emplr
2023$4.2M · 143 accts · $98K emplr
2022$3.4M · 136 accts · $91K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,231
Investment management$10,610
Total administrative$14,841
The Mature Care of Standifer Place, LLC 401(k) match · 2024
Employer contribution per active participant$173
Median for plans this size$1,313
2024$173 per active participant
2023$145 per active participant
2022$168 per active participant

Mature Care of Standifer Place, LLC's 2024 employer contribution ran below the $1,313 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
M HOLDINGS SECURITIES · Investment advisory (plan)$10,607
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$4,230

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$14,841 · 0.35%
2023$12,293 · 0.32%
2022$13,853 · 0.37%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Life Bridges, Inc. TN$4.6M · 2.00%
Chattanooga Cares, Inc. TN$4.3M · 0.91%
Harber-Laman, LLC TN$4.3M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261235729 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.