Plan Ledger DOL Form 5500 · updated monthly

Satellite Healthcare, Inc.403(b)

SATELLITE HEALTHCARE, INC. 403(B) RETIREMENT PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Satellite Healthcare, Inc. reported $413,686 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $2,255 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 fell from 0.20% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 511th-largest of 9,483 plans among California employers on file, and the 588th of 11,911 in health care & social assistance. In 2024, employees put in $3.30 for every $1.00 the employer contributed; active participation has shrunk from 2,400 to 2,032 since 2022.

Plan summary
Net assets, end of year$229,980,885
Participants with balances3,013
Active participants2,032
Employer contributions$4,581,635
Employee contributions$15,128,587
Employer contribution per active participant$2,255
Average account balance$76,330
Benefits paid to participants$30,698,873
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$230.0M · 3,013 accts · $4.6M emplr
2023$211.7M · 3,234 accts · $9.7M emplr
2022$174.4M · 3,232 accts · $9.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$243,035
Investment management$170,651
Total administrative$413,686
The Satellite Healthcare, Inc. 401(k) match · 2024
Employer contribution per active participant$2,255
Median for plans this size$3,635
2024$2,255 per active participant
2023$4,389 per active participant
2022$3,940 per active participant

Satellite Healthcare, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$243,460
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$106,164
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$64,487

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$413,686 · 0.19%
2023$394,831 · 0.20%
2022$372,395 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · California
Bay Medical Management, LLC CA$208.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237290564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.