Plan Ledger DOL Form 5500 · updated monthly

Presbyterian Health Plan, Inc.401(k)

PRESBYTERIAN HEALTH PLAN 401(K) PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Presbyterian Health Plan, Inc. reported $138,136 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $3,399 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 0.11% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 8th-largest of 290 plans among New Mexico employers on file, and the 638th of 4,798 in finance & insurance. In 2024, employees put in $1.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$177,904,035
Participants with balances2,817
Active participants1,998
Employer contributions$6,792,166
Employee contributions$9,270,715
Employer contribution per active participant$3,399
Average account balance$63,154
Benefits paid to participants$17,091,577
Plan auditUnmodified (clean) audit opinion
AuditorREDW LLC
Plan history3
Yearassets · accounts · employer contribution
2024$177.9M · 2,817 accts · $6.8M emplr
2023$155.7M · 2,838 accts · $6.4M emplr
2022$126.0M · 2,801 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,149
Audit (IQPA)$20,987
Total administrative$138,136
The Presbyterian Health Plan, Inc. 401(k) match · 2024
Employer contribution per active participant$3,399
Median for plans this size$3,635
2024$3,399 per active participant
2023$3,148 per active participant
2022$2,912 per active participant

Presbyterian Health Plan, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
FID INV INST OPS CO · Recordkeeping · Loan processing$117,149
REDW · Accounting / audit$20,987

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

Recordkeeper by year2
2024Fidelity
2023Fidelity

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

Administrative cost history3
2024$138,136 · 0.08%
2023$147,388 · 0.10%
2022$145,749 · 0.11%
Similar plansFinance & Insurance · New Mexico
Seacoast National Bank FL$178.4M · 0.16%
Wescom Central Credit Union CA$178.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943037165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.