Plan Ledger DOL Form 5500 · updated monthly

Salud Para la Gente401(k)

SALUD PARA LA GENTE 401(K) PLAN · WATSONVILLE, CA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Salud Para la Gente reported $68,550 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,843 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 0.26% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 3,221st-largest of 9,483 plans among California employers on file, and the 3,281st of 11,911 in health care & social assistance. In 2024, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,721,581
Participants with balances523
Active participants512
Employer contributions$943,363
Employee contributions$1,860,417
Employer contribution per active participant$1,843
Average account balance$45,357
Benefits paid to participants$2,043,166
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 523 accts · $943K emplr
2023$20.6M · 513 accts · $671K emplr
2022$16.7M · 513 accts · $525K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,550
Total administrative$68,550
The Salud Para la Gente 401(k) match · 2024
Employer contribution per active participant$1,843
Median for plans this size$2,416
2024$1,843 per active participant
2023$1,372 per active participant
2022$1,119 per active participant

Salud Para la Gente's 2024 employer contribution ran below the $2,416 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 · 20241
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$68,550

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

Administrative cost history3
2024$68,550 · 0.31%
2023$58,320 · 0.31%
2022$45,398 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · California
Orthopaedic Hospital CA$23.8M · 0.35%
Premier B.H., Inc. CA$23.6M · 0.90%
Apla Health & Wellness CA$23.5M · 0.14%
Compass Health, Inc. CA$23.2M · 0.58%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 942705747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.