Plan Ledger DOL Form 5500 · updated monthly

Ablehearts Communications LLC D/B/A Ablehearts Consulting Services LLC401(k)

ABLEHEARTS HEALTHCARE FOUNDATION 401(K) SAVINGS PLAN · TAMPA, FL · plan year 2023

Reported admin expense ratio · 2023
0.20%

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

Ablehearts Communications LLC D/B/A Ablehearts Consulting Services LLC reported $13,289 in plan administrative expenses for 2023: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,098 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 1 year on file its reported administrative ratio fell from 0.20% to 0.15%. 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 Florida (1,928th of 3,644), and 6,166th of 11,911 in health care & social assistance. In 2023, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,692,324
Participants with balances449
Active participants547
Employer contributions$1,147,838
Employee contributions$2,467,574
Employer contribution per active participant$2,098
Average account balance$19,359
Benefits paid to participants$1,011,292
Plan auditUnmodified (clean) audit opinion
AuditorMSL, P.A.
Plan history2
Yearassets · accounts · employer contribution
2024$7.2M · 307 accts · $541K emplr
2023$8.7M · 449 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,289
Total administrative$13,289
The Ablehearts Communications LLC D/B/A Ablehearts Consulting Services LLC 401(k) match · 2023
Employer contribution per active participant$2,098
Median for plans this size$1,308
2024$767 per active participant
2023$2,098 per active participant

Ablehearts Communications LLC D/B/A Ablehearts Consulting Services LLC's 2023 employer contribution ran above 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,289

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

Administrative cost history2
2024$11,941 · 0.15%
2023$13,289 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Plymouth Harbor, Inc. FL$8.8M · 0.35%
Housing Partnership, Inc. FL$8.7M · 0.05%
Tmf USA, Inc. FL$8.6M · 0.48%
Papa, Inc. FL$8.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 863108088 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.