Plan Ledger DOL Form 5500 · updated monthly

Westmont Living, Inc.401(k)

WESTMONT LIVING 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
1.54%

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

Westmont Living, Inc. reported $159,750 in plan administrative expenses for 2024: 1.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $900 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 0.57% to 1.54%. 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 California (5,040th of 9,483), and the 5,240th of 11,911 in health care & social assistance. In 2024, employees put in $2.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,691,915
Participants with balances1,240
Active participants979
Employer contributions$880,884
Employee contributions$2,355,942
Employer contribution per active participant$900
Average account balance$9,429
Benefits paid to participants$1,653,433
Plan auditUnmodified (clean) audit opinion
AuditorLAVINE, LOFGREN, MORRIS & ENGELBERG
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 1,240 accts · $881K emplr
2023$9.1M · 1,008 accts · $651K emplr
2022$5.9M · 973 accts · $698K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,309
Investment management$59,637
Audit (IQPA)$13,725
Total administrative$159,750
The Westmont Living, Inc. 401(k) match · 2024
Employer contribution per active participant$900
Median for plans this size$2,416
2024$900 per active participant
2023$734 per active participant
2022$730 per active participant

Westmont Living, Inc.'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 · 20245
ACCELERATE INVESTMENT ADVISORS · Investment advisory (plan)$50,739
ADMINISTRATIVE FIDUCIARY SERVICES$23,079
LAVINE LOFGREN MORRIS & ENGELBERG · Accounting / audit$13,725
NOVA 401(K) ASSOCIATES · Contract administrator$4,901

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$159,750 · 1.54%
2023$102,695 · 1.37%
2022$30,538 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · California
Axis Community Health, Inc. CA$11.9M · 0.50%
Red Oaks Medical Group CA$11.8M · 0.91%
Lifemoves CA$11.7M · 0.21%
Camino Health Center CA$11.4M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262513782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.