Plan Ledger DOL Form 5500 · updated monthly

New Horizons Ranch & Center, Inc.401(k)

NEW HORIZONS EMPLOYEE RETIREMENT PLAN · ABILENE, TX · plan year 2024

Reported admin expense ratio · 2024
1.87%

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

New Horizons Ranch & Center, Inc. reported $85,848 in plan administrative expenses for 2024: 1.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,460 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 2.25% to 1.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (4,029th of 5,688), and 7,872nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.24 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$5,067,709
Participants with balances173
Active participants164
Employer contributions$403,455
Employee contributions$325,324
Employer contribution per active participant$2,460
Average account balance$29,293
Benefits paid to participants$281,424
Plan auditUnmodified (clean) audit opinion
AuditorCONDLEY & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 173 accts · $403K emplr
2023$4.1M · 190 accts · $230K emplr
2022$3.3M · 176 accts · $209K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,742
Investment management$21,739
Total administrative$85,848
The New Horizons Ranch & Center, Inc. 401(k) match · 2024
Employer contribution per active participant$2,460
Median for plans this size$1,313
2024$2,460 per active participant
2023$1,457 per active participant
2022$1,298 per active participant

New Horizons Ranch & Center, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
JOHN HANCOCK LIFE INS CO · Recordkeeping · Investment management$4,086
MERRILL LYNCH FAS & EPS · Investment advisory (participants)$21,739

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$85,848 · 1.87%
2023$82,352 · 2.24%
2022$73,083 · 2.25%
Same employer
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Tarrant Area Food Bank TX$5.2M · 0.64%
Hope Hospice TX$5.1M · 1.12%
Childcaregroup TX$5.1M · 0.15%
The Council on Recovery TX$5.0M · 0.49%
Rox Access Network TX$5.0M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751530340 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.