Plan Ledger DOL Form 5500 · updated monthly

Sheboygan Senior Community403(b)

SHEBOYGAN SENIOR COMMUNITY RETIREMENT SAVINGS PLAN · SHEBOYGAN, WI · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Sheboygan Senior Community reported $26,010 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $884 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 0.62% to 0.90%. 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 Wisconsin (1,758th of 1,936), and 9,141st 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$3,162,971
Participants with balances156
Active participants180
Employer contributions$159,140
Employee contributions$296,660
Employer contribution per active participant$884
Average account balance$20,275
Benefits paid to participants$304,347
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$3.2M · 156 accts · $159K emplr
2022$2.1M · 64 accts · $59K emplr
Employer contributions to the Sheboygan Senior Community plan · 2024
Employer contribution per active participant$884
Median for plans this size$1,313
2024$884 per active participant
2022$440 per active participant

Sheboygan Senior Community's 2024 employer contribution ran below 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 · 20243
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee (directed)$14,294
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$9,319
PEAK RETIREMENT GROUP · Contract administrator · Other services$2,397

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

Administrative cost history2
2024$26,010 · 0.90%
2022$13,905 · 0.62%
Similar plansHealth Care & Social Assistance · Wisconsin
Shady Lane, Inc. WI$3.2M · 0.71%
Rcs Empowers, Inc. WI$3.2M · 0.79%
S and J Home Care, LLC WI$3.2M · 1.00%
Society's Assets, Inc. WI$3.2M · 0.02%
Varc, Inc. WI$2.9M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 396069188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.