Plan Ledger DOL Form 5500 · updated monthly

Saba Healthcare LLC401(k)

SABA HEALTHCARE LLC, 401(K) PLAN · SKOKIE, IL · plan year 2022

Reported admin expense ratio · 2022
1.31%

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

Saba Healthcare LLC reported $6,320 in plan administrative expenses for 2022: 1.31% of average plan assets, above the peer median. Employer contributions averaged $28 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (3,558th of 3,702), and 11,337th of 11,911 in health care & social assistance. In 2022, employees put in $5.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$519,268
Participants with balances43
Active participants722
Employer contributions$20,389
Employee contributions$111,031
Employer contribution per active participant$28
Average account balance$12,076
Benefits paid to participants$4,647
Plan auditUnmodified (clean) audit opinion
AuditorJMM CPA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$6,320
Total administrative$6,320
The Saba Healthcare LLC 401(k) match · 2022
Employer contribution per active participant$28
Median for plans this size$331

Saba Healthcare LLC's 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$6,320 · 1.31%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Progressive Housing, Inc. IL$525K · 0.57%
Medstar Laboratory, Inc. IL$423K · 1.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473902336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.