Plan Ledger DOL Form 5500 · updated monthly

Athena Health Care Associates, Inc.401(k)

ATHENA HEALTH CARE ASSOCIATES, INC. 401K PLAN · FARMINGTON, CT · plan year 2023

Reported admin expense ratio · 2023
0.20%

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

Athena Health Care Associates, Inc. reported $221,302 in plan administrative expenses for 2023: 0.20% of average plan assets, above the peer median. Employer contributions averaged $126 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 has held roughly steady near 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 165th-largest of 1,106 plans among Connecticut employers on file, and the 949th of 11,911 in health care & social assistance. In 2023, employees put in $5.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$118,357,334
Participants with balances2,960
Active participants11,373
Employer contributions$1,437,944
Employee contributions$8,186,574
Employer contribution per active participant$126
Average account balance$39,986
Benefits paid to participants$17,294,727
Plan auditUnmodified (clean) audit opinion
AuditorPFK O'CONNOR DAVIES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$110.0M · 2,306 accts · $492K emplr
2023$118.4M · 2,960 accts · $1.4M emplr
2022$105.7M · 3,256 accts · $1.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$143,915
Audit (IQPA)$20,500
Total administrative$221,302
The Athena Health Care Associates, Inc. 401(k) match · 2023
Employer contribution per active participant$126
Median for plans this size$3,659
2024$125 per active participant
2023$126 per active participant
2022$135 per active participant

Athena Health Care Associates, Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
LINCOLN NATIONAL CORPORATION · Contract administrator$143,915
PLANNED RETIREMENT CONSULTANTS · Accounting / audit$56,887
PFK O'CONNOR DAVIES, LLP · Accounting / audit$20,500

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$216,901 · 0.19%
2023$221,302 · 0.20%
2022$185,731 · 0.18%
Similar plansHealth Care & Social Assistance · Connecticut
Ons Mso, LLC CT$133.1M · 0.13%
Masonicare Corporation CT$124.9M · 0.19%
Genedx Holdings Corp. CT$118.5M · 0.03%
Hospital for Special Care CT$118.3M · 0.12%
Carecentrix, Inc. CT$112.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061116677 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.