Plan Ledger DOL Form 5500 · updated monthly

Stellar Health Management LLC401(k)

SALTER HEALTHCARE, INC 401(K) SAVINGS PLAN · WINCHESTER, MA · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Stellar Health Management LLC reported $68,441 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 rose from 0.36% to 0.60%. 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 among the smaller plans on file in Massachusetts (1,719th of 2,726), and the 5,089th of 11,911 in health care & social assistance. In 2024, employees put in $5449.81 for every $1.00 the employer contributed; active participation has grown from 596 to 972 since 2021.

Plan summary
Net assets, end of year$12,246,697
Participants with balances172
Active participants972
Employer contributions$221
Employee contributions$1,204,407
Employer contribution per active participant$0
Average account balance$71,202
Benefits paid to participants$2,319,352
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEW J BERNIER CPA, LLC
Plan history4
Yearassets · accounts · employer contribution
2024$12.2M · 172 accts · $221 emplr
2023$10.6M
2022$10.4M · 361 accts
2021$12.1M · 337 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,441
Total administrative$68,441
The Stellar Health Management LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Stellar Health Management LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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$61,334
INTAC ACTUARIAL SERVICES INC · Contract administrator · Other services$7,184
PARK AVENUE SECURITIES · 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 history4
2024$68,441 · 0.60%
2023$80,793 · 0.77%
2022$42,872 · 0.38%
2021$41,683 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Welch Senior Living, LLC MA$12.3M · 0.87%
Regional Home Care, Inc. MA$12.2M · 0.88%
Lifestream, Inc. MA$11.9M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873357707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.