Plan Ledger DOL Form 5500 · updated monthly

Mental Health Systems, Inc.Profit-sharing plan

MENTAL HEALTH SYSTEMS, INC. RETIREMENT PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Mental Health Systems, Inc. reported $93,930 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,805 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 0.58% to 0.44%. 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 3,389th-largest of 9,483 plans among California employers on file, and the 3,435th of 11,911 in health care & social assistance. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has shrunk from 994 to 619 since 2022.

Plan summary
Net assets, end of year$22,101,696
Participants with balances1,164
Active participants619
Employer contributions$1,117,209
Employee contributions$1,437,591
Employer contribution per active participant$1,805
Average account balance$18,988
Benefits paid to participants$3,493,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.1M · 1,164 accts · $1.1M emplr
2023$20.4M · 1,008 accts · $1.1M emplr
2022$18.6M · 1,027 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,310
Investment management$20,799
Total administrative$93,930
Employer contributions to the Mental Health Systems, Inc. plan · 2024
Employer contribution per active participant$1,805
Median for plans this size$2,416
2024$1,805 per active participant
2023$1,792 per active participant
2022$1,130 per active participant

Mental Health Systems, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$30,774
CORNERSTONE WEALTH ADVISORS, INC. · Recordkeeping · Trustee$11,934
ADP BROKER-DEALERindirect 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$93,930 · 0.44%
2023$62,935 · 0.32%
2022$104,543 · 0.58%
Same employer
Similar plansHealth Care & Social Assistance · California
Camarena Health CA$22.3M · 0.45%
Pathology Associates CA$22.1M · 0.26%
San Diego Family Care CA$22.0M · 0.26%
Enki Health Services Inc CA$21.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953302967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.