Plan Ledger DOL Form 5500 · updated monthly

River Healthcare, Inc.401(k)

RIVER HEALTHCARE, INC. 401(K) PROFIT SHARING PLAN AND TRUST · BATON ROUGE, LA · plan year 2023

Reported admin expense ratio · 2023
0.80%

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

River Healthcare, Inc. reported $39,181 in plan administrative expenses for 2023: 0.80% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,831 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 has held roughly steady near 0.80%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Louisiana (600th of 884), and 7,890th of 11,911 in health care & social assistance. In 2023, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,041,906
Participants with balances173
Active participants165
Employer contributions$302,135
Employee contributions$606,325
Employer contribution per active participant$1,831
Average account balance$29,144
Benefits paid to participants$752,824
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHECK CPAS, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$5.0M · 173 accts · $302K emplr
2022$4.7M · 173 accts · $336K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$39,181
Total administrative$39,181
The River Healthcare, Inc. 401(k) match · 2023
Employer contribution per active participant$1,831
Median for plans this size$1,308
2023$1,831 per active participant
2022$2,037 per active participant

River Healthcare, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NFP RETIREMENT INC · Investment advisory (plan)$15,327
PENTEGRA SERVICES INC. · Contract administrator$14,078

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$39,181 · 0.80%
2022$38,829 · 0.81%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana
Acadiana C.A.R.E.S., Inc. LA$6.1M · 0.02%
Arc of Acadiana, Inc. LA$5.8M · 0.93%
Moreau Physical Therapy LA$4.9M · 1.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721275395 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.