Plan Ledger DOL Form 5500 · updated monthly

Sage Senior Living, LLC401(k)

SAGE SENIOR LIVING, LLC 401(K) PLAN · SPRINGFIELD, PA · plan year 2024

Reported admin expense ratio · 2024
1.42%

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

Sage Senior Living, LLC reported $68,684 in plan administrative expenses for 2024: 1.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $582 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 1.03% to 1.42%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Pennsylvania (2,808th of 3,651), and 3,867th of 5,337 in construction. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 420 to 602 since 2022.

Plan summary
Net assets, end of year$5,574,237
Participants with balances204
Active participants602
Employer contributions$350,579
Employee contributions$747,274
Employer contribution per active participant$582
Average account balance$27,325
Benefits paid to participants$371,480
Plan auditUnmodified (clean) audit opinion
AuditorTEMPLETON & CO
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 204 accts · $351K emplr
2023$4.1M · 172 accts · $273K emplr
2022$2.8M · 154 accts · $229K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,273
Investment management$29,744
Audit (IQPA)$9,500
Total administrative$68,684
The Sage Senior Living, LLC 401(k) match · 2024
Employer contribution per active participant$582
Median for plans this size$1,313
2024$582 per active participant
2023$457 per active participant
2022$545 per active participant

Sage Senior Living, LLC'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 · 20245
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$18,680
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$10,593
LPL FINANCIAL · Investment advisory (plan)$29,744
TEMPLETON & COMPANY LLP · Accounting / audit$9,500

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history3
2024$68,684 · 1.42%
2023$44,838 · 1.31%
2022$28,277 · 1.03%
Same employer
Similar plansConstruction · Pennsylvania
Gemcraft Homes Inc PA$5.7M · 0.27%
Sdi Gas LLC PA$5.6M · 0.36%
Dgi-Menard, Inc. PA$5.4M · 0.32%
Don E. Bower, Inc. PA$5.4M · 0.69%
Ernest Bock & Sons, Inc. PA$5.3M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450519545 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.