Plan Ledger DOL Form 5500 · updated monthly

Parker Health Group, Inc.403(b)

PARKER HEALTH GROUP, INC. 403(B) TDA PLAN · PISCATAWAY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.24%

Parker Health Group, Inc. reported $55,186 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. 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 0.21% to 0.24%. 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 932nd-largest of 2,419 plans among New Jersey employers on file, and the 3,158th of 11,911 in health care & social assistance. active participation has grown from 659 to 726 since 2022.

Plan summary
Net assets, end of year$25,013,381
Participants with balances873
Active participants726
Employer contributions—
Employee contributions$2,760,208
Employer contribution per active participant—
Average account balance$28,652
Benefits paid to participants$1,350,892
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.0M · 873 accts
2023$20.9M · 842 accts
2022$16.4M · 837 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,186
Total administrative$55,186
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 · 20241
TEACHERS INSURANCE & ANNUITY ASSOC · Contract administrator$60,288

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$55,186 · 0.24%
2023$44,190 · 0.24%
2022$36,224 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Atlas Healthcare, LLC NJ$27.5M · 0.28%
Bonnie Brae NJ$26.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815241497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.