Plan Ledger DOL Form 5500 · updated monthly

Notre Dame Health Care Center, Inc.403(b)

NOTRE DAME HEALTH CARE CENTER, INC. 403(B) SAVINGS PLAN · WORCESTER, MA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Notre Dame Health Care Center, Inc. reported $7,256 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $174 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 rose from 0.07% to 0.08%. 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 Massachusetts (1,966th of 2,726), and 6,019th of 11,911 in health care & social assistance. In 2024, employees put in $12.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,123,652
Participants with balances217
Active participants371
Employer contributions$64,722
Employee contributions$831,076
Employer contribution per active participant$174
Average account balance$42,044
Benefits paid to participants$1,138,761
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 217 accts · $65K emplr
2023$8.4M · 212 accts · $59K emplr
2022$6.4M · 198 accts · $52K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,256
Total administrative$7,256
Employer contributions to the Notre Dame Health Care Center, Inc. plan · 2024
Employer contribution per active participant$174
Median for plans this size$1,313
2024$174 per active participant
2023$156 per active participant
2022$147 per active participant

Notre Dame Health Care Center, Inc.'s 2024 employer contribution ran below the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$7,256
CETERA INVESTMENT ADVISERS LLC · Investment advisory (plan)indirect 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$7,256 · 0.08%
2023$6,012 · 0.08%
2022$5,609 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Soldier on, Inc. MA$9.1M · 0.17%
Fall River Deaconess Home MA$8.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043108782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.