Plan Ledger DOL Form 5500 · updated monthly

Patient Access Network Foundation401(k)

PATIENT ACCESS NETWORK FOUNDATION RETIREMENT SAVINGS PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Patient Access Network Foundation reported $36,488 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $2,886 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 1.05% to 0.66%. 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 District of Columbia (499th of 618), and 7,079th of 11,911 in health care & social assistance. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 133 to 149 since 2022.

Plan summary
Net assets, end of year$6,543,887
Participants with balances149
Active participants149
Employer contributions$429,956
Employee contributions$775,778
Employer contribution per active participant$2,886
Average account balance$43,919
Benefits paid to participants$1,021,351
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 149 accts · $430K emplr
2023$4.4M · 143 accts · $403K emplr
2022$3.1M · 123 accts · $305K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,488
Total administrative$36,488
The Patient Access Network Foundation 401(k) match · 2024
Employer contribution per active participant$2,886
Median for plans this size$1,313
2024$2,886 per active participant
2023$2,670 per active participant
2022$2,292 per active participant

Patient Access Network Foundation'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,487
RAYMOND JAMES & ASSOCIATES, INC. · 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$36,488 · 0.66%
2023$27,967 · 0.74%
2022$33,914 · 1.05%
Same employer
Similar plansHealth Care & Social Assistance · District of Columbia
Capital Area Food Bank DC$7.9M · 0.64%
Friendship Place DC$5.0M · 0.07%
Rcm of Washington, Inc. DC$4.7M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201184743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.