Plan Ledger DOL Form 5500 · updated monthly

Millcreek Health System D/B/A Lecom Health403(b)

LECOM HEALTH 403(B) DC PLAN · ERIE, PA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Millcreek Health System D/B/A Lecom Health reported $316,117 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $2,678 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 0.20%. 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 321st-largest of 3,651 plans among Pennsylvania employers on file, and the 711th of 11,911 in health care & social assistance. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 1,554 to 2,114 since 2022.

Plan summary
Net assets, end of year$173,727,074
Participants with balances2,734
Active participants2,114
Employer contributions$5,661,066
Employee contributions$8,623,663
Employer contribution per active participant$2,678
Average account balance$63,543
Benefits paid to participants$9,362,699
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$173.7M · 2,734 accts · $5.7M emplr
2023$149.3M · 2,381 accts · $5.2M emplr
2022$127.4M · 2,709 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$239,346
Audit (IQPA)$16,200
Total administrative$316,117
Employer contributions to the Millcreek Health System D/B/A Lecom Health plan · 2024
Employer contribution per active participant$2,678
Median for plans this size$3,635
2024$2,678 per active participant
2023$2,772 per active participant
2022$3,304 per active participant

Millcreek Health System D/B/A Lecom Health's 2024 employer contribution ran below the $3,635 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
TIAA · Recordkeeping · Pension consulting$239,346
MORGAN STANLEY DOMESTIC HLDNGS · Other services$60,000
BAKER TILLY US, LLP · Accounting / audit$16,200

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$316,117 · 0.20%
2023$266,814 · 0.19%
2022$260,375 · 0.19%
Similar plansHealth Care & Social Assistance · Pennsylvania
Vibra Healthcare, LLC PA$185.3M · 0.32%
Delta Dental of Pennsylvania PA$178.7M · 0.04%
Susquehanna Health System PA$174.2M · 0.27%
Meadville Medical Center PA$167.9M · 0.16%
Mount Nittany Medical Center PA$165.8M · 0.20%
Spark Therapeutics, Inc. PA$164.7M · 0.06%
Merakey USA PA$155.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251002937 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.