Plan Ledger DOL Form 5500 · updated monthly

Migrant Health Center Western Region Inc401(k)

MIGRANT HEALTH CENTER WESTERN REGION INC. 1081.01 RETIREMENT PLAN AND TRUST · MAYAGUEZ, PR · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Migrant Health Center Western Region Inc reported $82,957 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,137 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 0.63%. 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 96th-largest of 323 plans among PR employers on file, and the 4,664th of 11,911 in health care & social assistance. In 2024, employees put in $1.15 for every $1.00 the employer contributed; active participation has grown from 556 to 617 since 2022.

Plan summary
Net assets, end of year$14,118,252
Participants with balances701
Active participants617
Employer contributions$701,632
Employee contributions$806,597
Employer contribution per active participant$1,137
Average account balance$20,140
Benefits paid to participants$490,079
Plan auditDisclaimer of opinion
AuditorPKF PR LLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 701 accts · $702K emplr
2023$12.0M · 473 accts · $597K emplr
2022$10.0M · 546 accts · $506K emplr
The Migrant Health Center Western Region Inc 401(k) match · 2024
Employer contribution per active participant$1,137
Median for plans this size$2,416
2024$1,137 per active participant
2023$1,078 per active participant
2022$910 per active participant

Migrant Health Center Western Region 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 · 20243
LEAFHOUSE FINANCIAL ADVISOR LLC · Investment advisory (plan)$6,432
OSAIC FS INCindirect 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$82,957 · 0.63%
2023$69,734 · 0.63%
2022$70,184 · 0.66%
Similar plansHealth Care & Social Assistance · PR
Hospital General Menonita PR$36.4M · 0.45%
Fenwal International, Inc. PR$29.3M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660427801 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.