Plan Ledger DOL Form 5500 · updated monthly

Advanced Correctional Healthcare Inc.401(k)

ADVANCED CORRECTIONAL HEALTHCARE INC. 401(K) PLAN · FRANKLIN, TN · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Advanced Correctional Healthcare Inc. reported $19,366 in plan administrative expenses for 2024: 0.21% of average plan assets, lower than ~75% of peers. Employer contributions averaged $582 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 fell from 0.65% to 0.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Tennessee (835th of 1,496), and the 5,710th of 11,911 in health care & social assistance. In 2024, employees put in $2.95 for every $1.00 the employer contributed; active participation has grown from 937 to 1,098 since 2021.

Plan summary
Net assets, end of year$9,965,151
Participants with balances479
Active participants1,098
Employer contributions$638,621
Employee contributions$1,884,306
Employer contribution per active participant$582
Average account balance$20,804
Benefits paid to participants$2,241,230
Plan auditUnmodified (clean) audit opinion
AuditorSMITH AND HOWARD, PC
Plan history4
Yearassets · accounts · employer contribution
2024$10.0M · 479 accts · $639K emplr
2023$8.5M · 520 accts · $442K emplr
2022$6.3M · 625 accts · $363K emplr
2021$7.7M · 555 accts · $396K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,366
Total administrative$19,366
The Advanced Correctional Healthcare Inc. 401(k) match · 2024
Employer contribution per active participant$582
Median for plans this size$1,313
2024$582 per active participant
2023$346 per active participant
2022$306 per active participant
2021$422 per active participant

Advanced Correctional Healthcare Inc.'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$19,366

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history4
2024$19,366 · 0.21%
2023$18,476 · 0.25%
2022$49,446 · 0.71%
2021$44,701 · 0.65%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Spero Health, Inc. TN$10.4M · 0.11%
Medic, Inc. TN$10.3M · 0.57%
Shearwater Health TN$9.8M · 1.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364495255 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.