Plan Ledger DOL Form 5500 · updated monthly

St. Thomas Community Health Center, Inc.401(k)

ST. THOMAS COMMUNITY HEALTH CENTER RETIREMENT PLAN · NEW ORLEANS, LA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

St. Thomas Community Health Center, Inc. reported $55,384 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $2,950 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 0.61%. 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 426th-largest of 884 plans among Louisiana employers on file, and the 5,663rd of 11,911 in health care & social assistance. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,093,776
Participants with balances150
Active participants174
Employer contributions$513,291
Employee contributions$767,099
Employer contribution per active participant$2,950
Average account balance$67,292
Benefits paid to participants$370,783
Plan auditUnmodified (clean) audit opinion
AuditorDUPLANTIER, HRAPMANN, HOGAN & MAHER
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 150 accts · $513K emplr
2023$8.1M · 140 accts · $477K emplr
2022$6.4M · 151 accts · $438K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,384
Total administrative$55,384
The St. Thomas Community Health Center, Inc. 401(k) match · 2024
Employer contribution per active participant$2,950
Median for plans this size$1,313
2024$2,950 per active participant
2023$2,773 per active participant
2022$2,685 per active participant

St. Thomas Community Health Center, 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$53,057
RETIREMENT STRATEGIES GROUP, LLC · Contract administrator · Other services$2,327
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$55,384 · 0.61%
2023$42,809 · 0.59%
2022$40,324 · 0.63%
Similar plansHealth Care & Social Assistance · Louisiana
Nmc Operating Company, LLC LA$11.5M · 0.06%
Seaside Healthcare, Inc. LA$10.0M · 1.54%
Core, LLC LA$9.4M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141958494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.