Plan Ledger DOL Form 5500 · updated monthly

Primary Health Care, Inc.401(k)

PRIMARY HEALTH CARE, INC. 401(K) PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Primary Health Care, Inc. reported $141,440 in plan administrative expenses for 2024: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,073 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 rose from 0.43% to 0.80%. 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 420th-largest of 878 plans among Iowa employers on file, and the 3,865th of 11,911 in health care & social assistance. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,723,702
Participants with balances511
Active participants405
Employer contributions$839,593
Employee contributions$1,588,393
Employer contribution per active participant$2,073
Average account balance$36,641
Benefits paid to participants$2,972,264
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.7M · 511 accts · $840K emplr
2023$16.7M · 509 accts · $846K emplr
2022$14.1M · 496 accts · $802K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,388
Investment management$43,004
Total administrative$141,440
The Primary Health Care, Inc. 401(k) match · 2024
Employer contribution per active participant$2,073
Median for plans this size$2,416
2024$2,073 per active participant
2023$2,299 per active participant
2022$2,111 per active participant

Primary Health Care, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$99,795
FORVIS MAZARS · Accounting / audit$26,460
ANNETTE STANTON · Consulting$14,225

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$141,440 · 0.80%
2023$98,200 · 0.64%
2022$66,702 · 0.43%
Same employer
Similar plansHealth Care & Social Assistance · Iowa
Empowering Abilities IA$18.8M · 0.03%
21ST Century Rehab, PC IA$18.8M · 0.49%
Exceptional Persons, Inc. IA$17.1M · 0.39%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 421350092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.