Plan Ledger DOL Form 5500 · updated monthly

Seven Counties Services403(b)

SEVEN COUNTIES SERVICES RETIREMENT SAVINGS PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Seven Counties Services reported $141,689 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,576 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 0.35% to 0.30%. 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 139th-largest of 871 plans among Kentucky employers on file, and the 1,862nd of 11,911 in health care & social assistance. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has grown from 1,284 to 1,470 since 2022.

Plan summary
Net assets, end of year$50,540,711
Participants with balances1,036
Active participants1,470
Employer contributions$2,316,097
Employee contributions$3,814,391
Employer contribution per active participant$1,576
Average account balance$48,784
Benefits paid to participants$5,130,277
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$50.5M · 1,036 accts · $2.3M emplr
2023$42.5M · 979 accts · $2.1M emplr
2022$34.0M · 913 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$141,689
Total administrative$141,689
Employer contributions to the Seven Counties Services plan · 2024
Employer contribution per active participant$1,576
Median for plans this size$2,416
2024$1,576 per active participant
2023$1,454 per active participant
2022$1,080 per active participant

Seven Counties Services'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$141,689
SHEPHERD FINANCIAL INVESTMENT ADVIS · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$141,689 · 0.30%
2023$139,418 · 0.36%
2022$129,756 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Hospice of the Bluegrass KY$67.9M · 0.05%
Hosparus, Inc. KY$53.2M · 0.41%
Springstone Health Opco LLC KY$47.0M · 0.28%
Associates in Dermatology KY$47.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310939757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.