Plan Ledger DOL Form 5500 · updated monthly

Salter Health Management LLC401(k)

SALTER HEALTHCARE, INC 401(K) SAVINGS PLAN · WINCHESTER, MA · plan year 2023

Reported admin expense ratio · 2023
0.77%

Salter Health Management LLC reported $80,793 in plan administrative expenses for 2023: 0.77% of average plan assets, higher than ~90% of peers. 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 1 year on file its reported administrative ratio rose from 0.38% to 0.77%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,848th of 2,726), and the 5,526th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$10,631,731
Participants with balances0
Active participants532
Employer contributions—
Employee contributions$1,017,591
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$2,187,906
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEW J BERNIER CPA, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$10.6M
2022$10.4M · 361 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$56,838
Investment management$23,955
Total administrative$80,793
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ASCENSUS LLC · Loan processing · Recordkeeping$56,838
RETIREMENT RESOURCES INVESTMENT GRO · Investment advisory (plan)$13,538
RETIREMENT RESOURCES INV. CORP · Investment advisory (plan)$10,417

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

Administrative cost history2
2023$80,793 · 0.77%
2022$42,872 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Latham Centers, Inc. MA$10.4M · 0.20%
Lasell Village, Inc. MA$10.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873557707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.