Plan Ledger DOL Form 5500 · updated monthly

Springvale Health Centers, Inc.401(k)

EMPLOYEE BENEFIT PLAN OF SPRINGVALE HEALTH CENTERS, INC. · DOVER, OH · plan year 2024

Reported admin expense ratio · 2024
1.58%

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

Springvale Health Centers, Inc. reported $33,586 in plan administrative expenses for 2024: 1.58% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,126 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 3 years on file its reported administrative ratio has held roughly steady near 1.58%. 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 Ohio (2,958th of 3,295), and 9,727th of 11,911 in health care & social assistance. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 93 to 112 since 2022.

Plan summary
Net assets, end of year$2,386,039
Participants with balances121
Active participants112
Employer contributions$126,141
Employee contributions$252,761
Employer contribution per active participant$1,126
Average account balance$19,719
Benefits paid to participants$151,634
Plan auditUnmodified (clean) audit opinion
AuditorREA & ASSOCIATES, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 121 accts · $126K emplr
2023$1.9M · 104 accts · $79K emplr
2022$1.5M · 102 accts · $83K emplr
Administrative expenses, itemized · 2024
Investment management$125
Total administrative$33,586
The Springvale Health Centers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,126
Median for plans this size$1,313
2024$1,126 per active participant
2023$719 per active participant
2022$888 per active participant

Springvale Health Centers, Inc.'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 · 20244
M2B RETIREMENT CONSULTING, LLC · Recordkeeping$1,250
LINCOLN NATIONAL CORPORATION · Contract administrator$22,315
WELLS FARGO ADVISORS · Investment advisory (plan)$9,316
CAPITAL GROUP RETIREMENT PLAN SERV$125

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

Recordkeeper by year2
2024M2B RETIREMENT CONSULTING, LLC
2023M2B RETIREMENT CONSULTING

This plan has changed recordkeepers within these filings. If you left Springvale Health Centers, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$33,586 · 1.58%
2023$28,126 · 1.67%
2022$21,825 · 1.65%
Similar plansHealth Care & Social Assistance · Ohio
Jewish Community Center OH$2.5M · 0.64%
Lionstone Care, LLC OH$2.3M · 2.70%
St. Joseph Care Center OH$2.3M · 1.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341135374 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.