Plan Ledger DOL Form 5500 · updated monthly

Premier Health Associates, LLC401(k)

PHA, LLC 401(K) PROFIT SHARING PLAN · SPARTA, NJ · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Premier Health Associates, LLC reported $134,315 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,482 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 0.51% to 0.47%. 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 826th-largest of 2,419 plans among New Jersey employers on file, and the 2,760th of 11,911 in health care & social assistance. In 2024, the employer put in $1.03 for every $1.00 employees contributed themselves; active participation has grown from 131 to 158 since 2022.

Plan summary
Net assets, end of year$30,291,836
Participants with balances212
Active participants158
Employer contributions$1,182,178
Employee contributions$1,148,527
Employer contribution per active participant$7,482
Average account balance$142,886
Benefits paid to participants$2,049,023
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.3M · 212 accts · $1.2M emplr
2023$26.3M · 188 accts · $1.1M emplr
2022$21.1M · 177 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Investment management$134,315
Total administrative$134,315
The Premier Health Associates, LLC 401(k) match · 2024
Employer contribution per active participant$7,482
Median for plans this size$2,416
2024$7,482 per active participant
2023$7,813 per active participant
2022$8,003 per active participant

Premier Health Associates, LLC's 2024 employer contribution ran above the $2,416 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 · 20244
ASCENSUS LLC · Recordkeeping · Loan processing$17,572
NPPG · Recordkeeping$13,393
NISIVOCCIA, LLP · Accounting / audit$12,006
STIFEL NICOLAUS & CO., INC. · Investment advisory (plan)$9,159

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

Recordkeeper by year2
2024Ascensus, NPPG
2023Ascensus, NPPG

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

Administrative cost history3
2024$134,315 · 0.47%
2023$112,775 · 0.48%
2022$112,503 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Community Options, Inc. NJ$31.1M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223346995 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.