Plan Ledger DOL Form 5500 · updated monthly

Neighborhood Health Care, Inc.403(b)

NEIGHBORHOOD FAMILY PRACTICE 403(B) PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Neighborhood Health Care, Inc. reported $100,940 in plan administrative expenses for 2024: 1.00% of average plan assets, higher than ~90% of peers. Employer contributions averaged $743 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 1.00%. 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 among the smaller plans on file in Ohio (1,926th of 3,295), and the 5,496th of 11,911 in health care & social assistance. In 2024, employees put in $6.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,744,590
Participants with balances260
Active participants230
Employer contributions$170,979
Employee contributions$1,139,426
Employer contribution per active participant$743
Average account balance$41,325
Benefits paid to participants$1,178,256
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & CO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 260 accts · $171K emplr
2023$9.5M · 251 accts · $163K emplr
2022$8.0M · 243 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,354
Investment management$29,586
Total administrative$100,940
Employer contributions to the Neighborhood Health Care, Inc. plan · 2024
Employer contribution per active participant$743
Median for plans this size$2,416
2024$743 per active participant
2023$731 per active participant
2022$701 per active participant

Neighborhood Health Care, 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$71,354
MORGAN STANLEY · Plan administrator · Consulting$29,586

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$100,940 · 1.00%
2023$92,072 · 1.05%
2022$79,442 · 1.04%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Easter Seals Tristate LLC OH$11.2M · 0.63%
Child Focus, Inc. OH$10.7M · 0.81%
Judson OH$10.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341300581 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.