Plan Ledger DOL Form 5500 · updated monthly

Professional Health Care Network401(k)

PROFESSIONAL HEALTH CARE NETWORK 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
2.40%

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

Professional Health Care Network reported $61,483 in plan administrative expenses for 2024: 2.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,264 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 1.28% to 2.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Arizona (974th of 1,285), and 9,229th of 11,911 in health care & social assistance. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,043,433
Participants with balances210
Active participants183
Employer contributions$414,308
Employee contributions$824,684
Employer contribution per active participant$2,264
Average account balance$14,493
Benefits paid to participants$594,516
Plan auditUnmodified (clean) audit opinion
AuditorBALANCE & STRATEGY ADVISORS, CPAS,
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 210 accts · $414K emplr
2023$2.1M · 197 accts · $318K emplr
2022$1.1M · 183 accts · $188K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,585
Investment management$7,577
Audit (IQPA)$13,200
Total administrative$61,483
The Professional Health Care Network 401(k) match · 2024
Employer contribution per active participant$2,264
Median for plans this size$1,313
2024$2,264 per active participant
2023$1,605 per active participant
2022$1,026 per active participant

Professional Health Care Network's 2024 employer contribution ran above the $1,313 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
PCS RETIREMENT LLC · Contract administrator · Recordkeeping$12,585
BACKMAN & SLOOP, CPA'S PA · Accounting / audit$41,321

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

Recordkeeper by year2
2024PCS Retirement
2023PCS Retirement

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

Administrative cost history3
2024$61,483 · 2.40%
2023$33,096 · 2.09%
2022$11,445 · 1.28%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Twelfth One, LLC AZ$3.1M · 0.70%
Gompers AZ$2.8M · 0.08%
Open Hearts AZ$2.8M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270935640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.