Plan Ledger DOL Form 5500 · updated monthly

Pennsylvania Psychiatric Institute403(b)

PENNSYLVANIA PSYCHIATRIC INSTITUTE RETIREMENT PLAN · HARRISBURG, PA · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Pennsylvania Psychiatric Institute reported $75,022 in plan administrative expenses for 2023: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,209 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 0.61% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,539th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,708th of 11,911 in health care & social assistance. In 2023, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,923,745
Participants with balances576
Active participants411
Employer contributions$907,758
Employee contributions$1,397,651
Employer contribution per active participant$2,209
Average account balance$34,590
Benefits paid to participants$2,819,534
Plan auditUnmodified (clean) audit opinion
AuditorBROWN SCHULTZ SHERIDAN & FRITZ
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$19.9M · 576 accts · $908K emplr
2022$17.7M · 543 accts · $942K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$54,564
Investment management$20,458
Total administrative$75,022
Employer contributions to the Pennsylvania Psychiatric Institute plan · 2023
Employer contribution per active participant$2,209
Median for plans this size$2,440
2023$2,209 per active participant
2022$2,512 per active participant

Pennsylvania Psychiatric Institute's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$54,564
RESOURCES INVESTMENT ADVISORS, INC · Investment advisory (plan)$20,458
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024Not separately reported
2023$75,022 · 0.40%
2022$116,934 · 0.61%
Same employer
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Garden Spot Village PA$20.7M · 0.50%
Verland PA$20.2M · 0.46%
Premier Therapy LLC PA$20.2M · 0.51%
The Renfrew Centers, Inc. PA$19.8M · 0.39%
Menno Haven, Inc. PA$19.7M · 0.33%
Gaudenzia, Inc. PA$19.6M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261699000 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.