Plan Ledger DOL Form 5500 · updated monthly

Providence Health Care, Inc.403(b)

PROVIDENCE HEALTH CARE RETIREMENT SAVINGS PLAN · ST. MARY OF THE WOOD, IN · plan year 2024

Reported admin expense ratio · 2024
1.16%

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

Providence Health Care, Inc. reported $14,409 in plan administrative expenses for 2024: 1.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $442 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 0.29% to 1.16%. 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 Indiana (1,464th of 1,562), and 10,591st of 11,911 in health care & social assistance. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 88 to 111 since 2022.

Plan summary
Net assets, end of year$1,343,826
Participants with balances83
Active participants111
Employer contributions$49,095
Employee contributions$127,938
Employer contribution per active participant$442
Average account balance$16,191
Benefits paid to participants$96,405
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 83 accts · $49K emplr
2023$1.1M · 122 accts · $60K emplr
2022$906K · 106 accts · $56K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,409
Total administrative$14,409
The Providence Health Care, Inc. 401(k) match · 2024
Employer contribution per active participant$442
Median for plans this size$1,313
2024$442 per active participant
2023$512 per active participant
2022$636 per active participant

Providence Health Care, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$1,946
RAYMOND JAMES FIN SERVICES ADVISOR · Investment advisory (participants) · Investment advisory (plan)$6,460

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$14,409 · 1.16%
2023$6,490 · 0.63%
2022$3,106 · 0.29%
Similar plansHealth Care & Social Assistance · Indiana
Community Healthnet Inc. IN$1.5M · 0.19%
Campagna Academy, Inc. IN$1.4M · 1.56%
Tangram Inc. IN$1.3M · 1.00%
Repucare, Inc. IN$1.3M · 1.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611419325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.