Plan Ledger DOL Form 5500 · updated monthly

The Lakes Region Mental Health Center, Inc.403(b)

THE LAKES REGION MENTAL HEALTH CENTER, INC. 403(B) PLAN · LACONIA, NH · plan year 2023

Reported admin expense ratio · 2023
0.33%

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

The Lakes Region Mental Health Center, Inc. reported $29,445 in plan administrative expenses for 2023: 0.33% of average plan assets, below the peer median. Employer contributions averaged $1,069 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 fell from 0.59% to 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Hampshire (267th of 411), and the 5,753rd of 11,911 in health care & social assistance. In 2023, employees put in $3.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,842,063
Participants with balances250
Active participants177
Employer contributions$189,172
Employee contributions$580,927
Employer contribution per active participant$1,069
Average account balance$39,368
Benefits paid to participants$417,234
Plan auditDisclaimer of opinion
AuditorKITTELL BRANAGAN & SARGENT CPA
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 241 accts · $222K emplr
2023$9.8M · 250 accts · $189K emplr
2022$8.2M · 236 accts · $144K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,445
Total administrative$29,445
Employer contributions to the The Lakes Region Mental Health Center, Inc. plan · 2023
Employer contribution per active participant$1,069
Median for plans this size$1,308
2024$1,238 per active participant
2023$1,069 per active participant
2022$781 per active participant

The Lakes Region Mental Health Center, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$29,445

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,933 · 0.38%
2023$29,445 · 0.33%
2022$51,655 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · New Hampshire
Cornerstone Vna NH$10.9M · 0.76%
Harbor Homes, Inc. NH$10.9M · 0.48%
Mid-State Health Center NH$10.2M · 0.56%
Waypoint NH$9.8M · 0.03%
Fivos, Inc. NH$9.3M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020272138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.