Plan Ledger DOL Form 5500 · updated monthly

Abound Health Holding, LLC401(k)

ABOUND HEALTH HOLDING, LLC 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Abound Health Holding, LLC reported $68,465 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $278 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 1.30% to 1.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in North Carolina (1,269th of 2,005), and 1,294th of 2,096 in real estate & leasing. In 2024, employees put in $1.62 for every $1.00 the employer contributed; active participation has grown from 1,245 to 1,973 since 2022.

Plan summary
Net assets, end of year$7,529,619
Participants with balances348
Active participants1,973
Employer contributions$549,110
Employee contributions$888,089
Employer contribution per active participant$278
Average account balance$21,637
Benefits paid to participants$550,179
Plan auditUnmodified (clean) audit opinion
AuditorANDERSON SMITH & WIKE PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 348 accts · $549K emplr
2023$5.8M · 297 accts · $411K emplr
2022$4.4M · 277 accts · $399K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,254
Total administrative$68,465
The Abound Health Holding, LLC 401(k) match · 2024
Employer contribution per active participant$278
Median for plans this size$1,313
2024$278 per active participant
2023$230 per active participant
2022$321 per active participant

Abound Health Holding, LLC's 2024 employer contribution ran below the $1,313 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 · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
GALLAGHER FIDUCIARY ADVISORS · Investment advisory (participants)$33,758
WILSHIRE ASSOCIATES INC(USA) · Investment advisory (participants)$1,350

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$68,465 · 1.03%
2023$49,711 · 0.97%
2022$53,875 · 1.30%
Similar plansReal Estate & Leasing · North Carolina
Southwood Realty Company NC$9.0M · 0.98%
Tribute Companies, Inc. NC$8.0M · 0.13%
Ce Rental, Inc. NC$4.6M · 0.82%
York Properties, Inc. NC$4.4M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 853192415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.