Plan Ledger DOL Form 5500 · updated monthly

Seaside Healthcare, Inc.401(k)

SEASIDE HEALTHCARE, INC. 401(K) PLAN · SHREVEPORT, LA · plan year 2024

Reported admin expense ratio · 2024
1.54%

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

Seaside Healthcare, Inc. reported $145,032 in plan administrative expenses for 2024: 1.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 1.22% to 1.54%. 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 the 432nd-largest of 884 plans among Louisiana employers on file, and the 5,711th of 11,911 in health care & social assistance. active participation has grown from 1,010 to 1,186 since 2022.

Plan summary
Net assets, end of year$9,964,277
Participants with balances1,189
Active participants1,186
Employer contributions$0
Employee contributions$1,812,921
Employer contribution per active participant$0
Average account balance$8,380
Benefits paid to participants$1,591,820
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 1,189 accts
2023$8.8M · 1,042 accts
2022$6.7M · 860 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,022
Investment management$85,010
Total administrative$145,032
The Seaside Healthcare, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Seaside Healthcare, Inc.'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 · 20246
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment managementindirect comp
HEARD MCELROY & VESTAL, LLC · Contract administrator$35,159
ARGENT RETIREMENT PLAN ADVISORS · Investment advisory (plan)$26,281
EMPOWER ADVISORY GROUP, LLC · Investment management$2,745
ARGENT RETIREMENT PLAN ADVISOR · Investment advisory (participants)$55

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$145,032 · 1.54%
2023$57,259 · 0.74%
2022$82,264 · 1.22%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana
Core, LLC LA$9.4M · 0.50%
Savoy Medical Center LA$9.0M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464327879 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.