Plan Ledger DOL Form 5500 · updated monthly

Prestera Center for Mental Health Services, Inc.401(k)

PRESTERA CENTER FOR MENTAL HEALTH SERVICES, INC. 401(K) RETIREMENT PLAN · HUNTINGTON, WV · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Prestera Center for Mental Health Services, Inc. reported $67,097 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $598 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 rose from 0.26% to 0.51%. 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 113th-largest of 265 plans among West Virginia employers on file, and the 4,819th of 11,911 in health care & social assistance. In 2023, employees put in $2.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,431,885
Participants with balances409
Active participants541
Employer contributions$323,732
Employee contributions$791,533
Employer contribution per active participant$598
Average account balance$32,841
Benefits paid to participants$2,535,597
Plan auditUnmodified (clean) audit opinion
AuditorELLIS & ELLIS PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$13.4M · 409 accts · $324K emplr
2022$12.8M · 389 accts · $302K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$67,097
Total administrative$67,097
The Prestera Center for Mental Health Services, Inc. 401(k) match · 2023
Employer contribution per active participant$598
Median for plans this size$2,440
2023$598 per active participant
2022$588 per active participant

Prestera Center for Mental Health Services, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
UNITED BANK · Investment advisory (plan)$11,087
JACKSON KELLY PLLC · Contract administrator$2,896
EMPOWER ADVISORY GROUP, LLC · Investment management$2

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

Administrative cost history2
2023$67,097 · 0.51%
2022$35,859 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · West Virginia
Kanawha Hospice Care, Inc. WV$19.4M · 0.26%
Commercial Holdings, LLC WV$12.0M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550492369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.