Plan Ledger DOL Form 5500 · updated monthly

The Health Federation of Philadelphia403(b)

THE HEALTH FEDERATION OF PHILADELPHIA 403(B) PLAN · PHILADELPHIA, PA · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

The Health Federation of Philadelphia reported $139,131 in plan administrative expenses for 2024: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,716 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 rose from 0.39% to 0.75%. 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 the 1,580th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,795th of 11,911 in health care & social assistance. In 2024, the employer put in $1.37 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$19,230,460
Participants with balances400
Active participants413
Employer contributions$1,534,651
Employee contributions$1,123,512
Employer contribution per active participant$3,716
Average account balance$48,076
Benefits paid to participants$3,035,105
Plan auditUnmodified (clean) audit opinion
AuditorFISCHER DORWART, PC
Plan history3
Yearassets · accounts · employer contribution
2024$19.2M · 400 accts · $1.5M emplr
2023$17.6M · 382 accts · $1.3M emplr
2022$14.7M · 392 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,911
Investment management$3,552
Total administrative$139,131
Employer contributions to the The Health Federation of Philadelphia plan · 2024
Employer contribution per active participant$3,716
Median for plans this size$2,416
2024$3,716 per active participant
2023$3,205 per active participant
2022$2,666 per active participant

The Health Federation of Philadelphia's 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$67,511
COMMONWEALTH FINANCIAL NETWORK · Pension consulting$62,575
NORTHEAST FINANCIAL GROUP · Investment advisory (plan)$3,552
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$139,131 · 0.75%
2023$101,199 · 0.63%
2022$59,701 · 0.39%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
The Renfrew Centers, Inc. PA$19.8M · 0.39%
Menno Haven, Inc. PA$19.7M · 0.33%
Gaudenzia, Inc. PA$19.6M · 0.81%
Dunwoody Village Inc. PA$19.1M · 0.29%
Hope Enterprises, Inc. PA$19.0M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232244355 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.