TEAMHEALTH 401(K) PLAN · KNOXVILLE, TN · plan year 2024
Reported admin expense ratio · 2024
0.18%
Peer grade: D· admin costs + employer contributions vs same-size plans · how grading works
Ameriteam Services, LLC reported $2,968,428 in plan administrative expenses for 2024: 0.18% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,017 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 0.22% to 0.18%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 17th-largest of 1,496 plans among Tennessee employers on file, and the 99th of 11,911 in health care & social assistance. In 2024, employees put in $7.82 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$1,798,253,817
Participants with balances18,360
Active participants18,577
Employer contributions$18,886,478
Employee contributions$147,646,926
Employer contribution per active participant$1,017
Average account balance$97,944
Benefits paid to participants$158,232,285
Plan auditUnmodified (clean) audit opinion
AuditorPUGH & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$1.8B · 18,360 accts · $18.9M emplr
2023$1.6B · 18,272 accts · $17.8M emplr
2022$1.3B · 17,688 accts · $16.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$561,797
Investment management$2,406,631
Total administrative$2,968,428
The Ameriteam Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,017
Median for plans this size$5,259
2024$1,017 per active participant
2023$966 per active participant
2022$936 per active participant
Ameriteam Services, LLC's 2024 employer contribution ran below the $5,259 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 472129748 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.