Plan Ledger DOL Form 5500 · updated monthly

Spectrum Healthcare Group, Inc.401(k)

SPECTRUM HEALTHCARE TAX DEFERRED SAVINGS PLAN AND TRUST · COTTONWOOD, AZ · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Spectrum Healthcare Group, Inc. reported $19,365 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,156 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 1.01% to 0.23%. 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 639th-largest of 1,285 plans among Arizona employers on file, and 6,218th of 11,911 in health care & social assistance. In 2024, employees put in $1.00 for every $1.00 the employer contributed; active participation has shrunk from 340 to 240 since 2022.

Plan summary
Net assets, end of year$8,577,505
Participants with balances555
Active participants240
Employer contributions$757,526
Employee contributions$758,538
Employer contribution per active participant$3,156
Average account balance$15,455
Benefits paid to participants$2,005,476
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 555 accts · $758K emplr
2023$8.1M · 515 accts · $812K emplr
2022$6.4M · 475 accts · $615K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,365
Total administrative$19,365
The Spectrum Healthcare Group, Inc. 401(k) match · 2024
Employer contribution per active participant$3,156
Median for plans this size$1,313
2024$3,156 per active participant
2023$2,261 per active participant
2022$1,807 per active participant

Spectrum Healthcare Group, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
MGKS · Actuarial · Recordkeeping$17,010

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

Recordkeeper by year2
2024MGKS
2023MGKS

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

Administrative cost history3
2024$19,365 · 0.23%
2023$77,166 · 1.06%
2022$70,167 · 1.01%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
The Guidance Center, Inc. AZ$9.0M · 0.60%
Momdoc, LLC AZ$8.1M · 1.01%
Mbi Acquisition Corp. AZ$8.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860207499 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.