Plan Ledger DOL Form 5500 · updated monthly

Omni Family Health403(b)

OMNI FAMILY HEALTH 403(B) PLAN · BAKERSFIELD, CA · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Omni Family Health reported $278,321 in plan administrative expenses for 2024: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,705 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 1.16% to 0.75%. 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 2,148th-largest of 9,483 plans among California employers on file, and the 2,243rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$39,833,831
Participants with balances1,044
Active participants917
Employer contributions$2,480,394
Employee contributions$2,097,367
Employer contribution per active participant$2,705
Average account balance$38,155
Benefits paid to participants$2,755,355
Plan auditUnmodified (clean) audit opinion
AuditorJWT & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$39.8M · 1,044 accts · $2.5M emplr
2023$33.9M · 1,074 accts · $2.3M emplr
2022$26.5M · 995 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$278,321
Total administrative$278,321
Employer contributions to the Omni Family Health plan · 2024
Employer contribution per active participant$2,705
Median for plans this size$2,416
2024$2,705 per active participant
2023$2,400 per active participant
2022$2,303 per active participant

Omni Family Health's 2024 employer contribution ran above 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
NATIONWIDE · Recordkeeping · Other services$211,575
RAYMOND JAMES FIN SERV ADVISOR$124,008
NEXUS ADMINISTRATORS, INC. · Contract administrator · Loan processing$14,850

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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

Administrative cost history3
2024$278,321 · 0.75%
2023$351,778 · 1.16%
2022$324,436 · 1.16%
Same employer
Similar plansHealth Care & Social Assistance · California
Heartflow, Inc. CA$40.5M · 0.32%
Rideout Memorial Hospital CA$40.3M · 0.20%
Welbehealth LLC CA$39.5M · 0.62%
H.M. Providers, Inc. CA$39.4M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 953218000 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.