Plan Ledger DOL Form 5500 · updated monthly

Bardavon Health Innovations Inc.401(k)

BARDAVON HEALTH INNOVATIONS INC. 401(K) PLAN · OVERLAND PARK, KS · plan year 2023

Reported admin expense ratio · 2023
1.11%

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

Bardavon Health Innovations Inc. reported $80,671 in plan administrative expenses for 2023: 1.11% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,978 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 1.08% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Kansas (563rd of 828), and 8,746th of 11,654 in professional & technical services. In 2023, employees put in $2.03 for every $1.00 the employer contributed; active participation has shrunk from 231 to 154 since 2022.

Plan summary
Net assets, end of year$7,853,598
Participants with balances192
Active participants154
Employer contributions$612,595
Employee contributions$1,244,155
Employer contribution per active participant$3,978
Average account balance$40,904
Benefits paid to participants$2,027,536
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · $59K emplr
2023$7.9M · 192 accts · $613K emplr
2022$6.7M · 263 accts · $654K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$73,131
Investment management$7,540
Total administrative$80,671
The Bardavon Health Innovations Inc. 401(k) match · 2023
Employer contribution per active participant$3,978
Median for plans this size$1,308
2023$3,978 per active participant
2022$2,833 per active participant

Bardavon Health Innovations Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$54,322
NOVA R WEALTH, INC. · Investment advisory (plan)$19,608

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$2,023 · 0.03%
2023$80,671 · 1.11%
2022$65,573 · 1.08%
Same employer
Similar plansProfessional & Technical Services · Kansas
Retail Success LLC KS$8.3M · 0.80%
Rbc Medical Innovations KS$8.3M · 0.85%
Perfect Output, LLC KS$7.6M · 0.53%
Ideatek Telcom, LLC KS$6.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270313357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.