Plan Ledger DOL Form 5500 · updated monthly

The Lakes Community Health Center, Inc.403(b)

THE LAKES COMMUNITY HEALTH CENTER, INC. 403(B) PLAN · IRON RIVER, WI · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

The Lakes Community Health Center, Inc. reported $185,582 in plan administrative expenses for 2024: 0.81% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,496 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 0.81%. 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 711th-largest of 1,936 plans among Wisconsin employers on file, and the 3,078th of 11,911 in health care & social assistance. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 359 to 475 since 2022.

Plan summary
Net assets, end of year$26,043,422
Participants with balances563
Active participants475
Employer contributions$1,185,383
Employee contributions$2,657,279
Employer contribution per active participant$2,496
Average account balance$46,258
Benefits paid to participants$1,875,584
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.0M · 563 accts · $1.2M emplr
2023$20.0M · 502 accts · $929K emplr
2022$16.3M · 449 accts · $838K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$185,582
Total administrative$185,582
Employer contributions to the The Lakes Community Health Center, Inc. plan · 2024
Employer contribution per active participant$2,496
Median for plans this size$2,416
2024$2,496 per active participant
2023$2,249 per active participant
2022$2,333 per active participant

The Lakes Community Health Center, Inc.'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 · 20242
NORTHWESTERN MUTUAL INVESTMENT SERVindirect comp
TAX SHELTERED COMPENSATION, INC. · Other servicesindirect 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$185,582 · 0.81%
2023$151,732 · 0.84%
2022$140,631 · 0.82%
Same employer
Similar plansHealth Care & Social Assistance · Wisconsin
Wellpoint Care Network WI$26.9M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352297925 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.