Plan Ledger DOL Form 5500 · updated monthly

Santa Fe Recovery Center401(k)

SANTA FE RECOVERY CENTER 401(K) PLAN · SANTA FE, NM · plan year 2024

Reported admin expense ratio · 2024
1.68%

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

Santa Fe Recovery Center reported $20,994 in plan administrative expenses for 2024: 1.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,989 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 1.17% to 1.68%. 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 New Mexico (249th of 290), and 10,385th of 11,911 in health care & social assistance. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,593,521
Participants with balances239
Active participants174
Employer contributions$346,061
Employee contributions$464,859
Employer contribution per active participant$1,989
Average account balance$6,667
Benefits paid to participants$240,101
Plan auditUnmodified (clean) audit opinion
AuditorSJT GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 239 accts · $346K emplr
2023$899K · 116 accts · $139K emplr
2022$557K · 76 accts · $110K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,994
Total administrative$20,994
The Santa Fe Recovery Center 401(k) match · 2024
Employer contribution per active participant$1,989
Median for plans this size$1,313
2024$1,989 per active participant
2023$828 per active participant
2022$644 per active participant

Santa Fe Recovery Center's 2024 employer contribution ran above the $1,313 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 · 20244
OSAIC WEALTH, INC. · Investment advisory (plan)$5,658
PENSION PLANNING CONSULTANTS, INC. · Contract administrator$4,050
EMPOWER ADVISORY GROUP, LLC · Investment management$2,851

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$20,994 · 1.68%
2023$13,129 · 1.80%
2022$5,356 · 1.17%
Similar plansHealth Care & Social Assistance · New Mexico
Duke City Urgent Care LLC NM$2.1M · 0.04%
Basin Home Health, Inc. NM$2.1M · 0.67%
All Faiths NM$1.9M · 0.96%
Help - New Mexico, Inc. NM$1.5M · 0.09%
Inteli-Care, LLC NM$997K · 1.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850216976 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.