Plan Ledger DOL Form 5500 · updated monthly

Sequoia Living Inc.403(b)

SEQUOIA LIVING INC. 403(B) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Sequoia Living Inc. reported $81,745 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,756 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 0.01% to 0.24%. 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 2,296th-largest of 9,483 plans among California employers on file, and the 2,404th of 11,911 in health care & social assistance. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,405,044
Participants with balances939
Active participants498
Employer contributions$1,372,557
Employee contributions$2,554,184
Employer contribution per active participant$2,756
Average account balance$38,770
Benefits paid to participants$4,328,965
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.4M · 939 accts · $1.4M emplr
2023$32.9M · 956 accts · $1.2M emplr
2022$25.9M · 915 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,597
Trustee / custodial$17,148
Total administrative$81,745
Employer contributions to the Sequoia Living Inc. plan · 2024
Employer contribution per active participant$2,756
Median for plans this size$2,416
2024$2,756 per active participant
2023$2,551 per active participant
2022$2,261 per active participant

Sequoia Living Inc.'s 2024 employer contribution ran above 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 · 20242
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$64,597
NEWPORT TRUST COMPANY · Trustee$17,148

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

Recordkeeper by year2
2024Newport (Ascensus), SYMETRA LIFE INSURANCE COMPANY
2023Newport (Ascensus), SYMETRA LIFE INSURANCE COMPANY

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Administrative cost history3
2024$81,745 · 0.24%
2023$19,063 · 0.06%
2022$2,100 · 0.01%
All plans at this employer2
NCPHS TAX SHELTERED ANNUITY PLAN403(b)
SEQUOIA LIVING INC. 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · California
Covia Communities CA$36.2M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941437728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.