Plan Ledger DOL Form 5500 · updated monthly

Old Man's Home of Philadelphia401(k)

SAUNDERS HOUSE EMPLOYEE SAVINGS AND RETIREMENT PLAN · WYNNEWOOD, PA · plan year 2022

Reported admin expense ratio · 2022
1.12%

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

Old Man's Home of Philadelphia reported $81,275 in plan administrative expenses for 2022: 1.12% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,401 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 1 year on file its reported administrative ratio fell from 1.12% to 0.99%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Pennsylvania (2,735th of 3,651), and 7,302nd of 11,911 in health care & social assistance. In 2022, employees put in $7.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,088,727
Participants with balances289
Active participants7
Employer contributions$44,810
Employee contributions$335,317
Employer contribution per active participant$6,401
Average account balance$21,068
Benefits paid to participants$1,423,347
Plan auditDisclaimer of opinion
AuditorMAYER HOFFMAN MCCANN P.C
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$5.1M · 221 accts · $3K emplr
2022$6.1M · 289 accts · $45K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$28,551
Investment management$52,724
Total administrative$81,275
The Old Man's Home of Philadelphia 401(k) match · 2022
Employer contribution per active participant$6,401
Median for plans this size$1,114
2023$475 per active participant
2022$6,401 per active participant

Old Man's Home of Philadelphia's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024Not separately reported
2023$55,358 · 0.99%
2022$81,275 · 1.12%
Similar plansHealth Care & Social Assistance · Pennsylvania
Homestead Village, Inc PA$6.2M · 0.48%
Hamilton Health Center PA$6.2M · 0.75%
Malvern Health, Inc. PA$6.1M · 0.90%
Highlands Hospital PA$6.0M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231352250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.