Plan Ledger DOL Form 5500 · updated monthly

New Horizon Family Health Services, Inc.403(b)

NEW HORIZON FAMILY HEALTH SERVICES, INC. RETIREMENT SAVINGS PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

New Horizon Family Health Services, Inc. reported $26,972 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,458 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 0.41% to 0.25%. 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 395th-largest of 807 plans among South Carolina employers on file, and the 5,245th of 11,911 in health care & social assistance. In 2024, employees put in $2.22 for every $1.00 the employer contributed; active participation has grown from 167 to 236 since 2022.

Plan summary
Net assets, end of year$11,675,212
Participants with balances371
Active participants236
Employer contributions$344,060
Employee contributions$763,825
Employer contribution per active participant$1,458
Average account balance$31,470
Benefits paid to participants$787,570
Plan auditUnmodified (clean) audit opinion
AuditorDRAFFIN & TUCKER, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 371 accts · $344K emplr
2023$9.8M · 330 accts · $283K emplr
2022$8.6M · 262 accts · $271K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,972
Total administrative$26,972
Employer contributions to the New Horizon Family Health Services, Inc. plan · 2024
Employer contribution per active participant$1,458
Median for plans this size$2,416
2024$1,458 per active participant
2023$1,281 per active participant
2022$1,622 per active participant

New Horizon Family Health Services, 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
PRINCIPAL LIFE INS CO · Contract administrator · Loan processing$21,795
ASCENSUS INC · Contract administrator · Other services$3,975

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$26,972 · 0.25%
2023$33,192 · 0.36%
2022$37,618 · 0.41%
Similar plansHealth Care & Social Assistance · South Carolina
Medbridge Healthcare LLC SC$14.0M · 0.69%
Wilson Senior Care, Inc. SC$11.6M · 0.18%
Babcock Center, Inc. SC$11.3M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570932597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.