Plan Ledger DOL Form 5500 · updated monthly

Spanish Peaks Healthcare Systems403(b)

SPANISH PEAKS HEALTHCARE SYSTEMS 403(B) PLAN · PUEBLO, CO · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Spanish Peaks Healthcare Systems reported $84,756 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,114 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 0.47% to 0.42%. 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 486th-largest of 1,461 plans among Colorado employers on file, and the 3,461st of 11,911 in health care & social assistance. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 415 to 478 since 2022.

Plan summary
Net assets, end of year$21,810,128
Participants with balances394
Active participants478
Employer contributions$1,010,461
Employee contributions$1,436,676
Employer contribution per active participant$2,114
Average account balance$55,356
Benefits paid to participants$1,476,126
Plan auditDisclaimer of opinion
AuditorRFARMER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.8M · 394 accts · $1.0M emplr
2023$18.3M · 417 accts · $908K emplr
2022$14.9M · 385 accts · $957K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,593
Investment management$39,163
Total administrative$84,756
Employer contributions to the Spanish Peaks Healthcare Systems plan · 2024
Employer contribution per active participant$2,114
Median for plans this size$2,416
2024$2,114 per active participant
2023$1,995 per active participant
2022$2,306 per active participant

Spanish Peaks Healthcare Systems'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 · 20242
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$45,593
HUB INTERNATIONAL · Investment advisory (plan)$39,163

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)
2023Newport (Ascensus)

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

Administrative cost history3
2024$84,756 · 0.42%
2023$71,740 · 0.43%
2022$74,033 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · Colorado
Hopewest CO$21.3M · 0.65%
Strive Health, LLC CO$20.9M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841157827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.