Plan Ledger DOL Form 5500 · updated monthly

Braden Health, Inc.401(k)

BRADEN HEALTH, INC. RETIREMENT PLAN · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
2.43%

Braden Health, Inc. reported $90,490 in plan administrative expenses for 2024: 2.43% of average plan assets, higher than ~90% of peers. 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 rose from 1.42% to 2.43%. 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 North Carolina (1,536th of 2,005), and 8,402nd of 11,911 in health care & social assistance. active participation has grown from 250 to 545 since 2021.

Plan summary
Net assets, end of year$4,215,263
Participants with balances635
Active participants545
Employer contributions—
Employee contributions$966,445
Employer contribution per active participant—
Average account balance$6,638
Benefits paid to participants$689,241
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history4
Yearassets · accounts · employer contribution
2024$4.2M · 635 accts
2023$3.2M · 436 accts
2022$2.3M · 221 accts
2021$1.4M · 221 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,490
Total administrative$90,490
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$65,093
STIFEL NICOLAUS & COMPANY INC · Other servicesindirect comp

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

Administrative cost history4
2024$90,490 · 2.43%
2023$62,304 · 2.24%
2022$22,237 · 1.20%
2021$14,841 · 1.42%
Similar plansHealth Care & Social Assistance · North Carolina
Miracles in Sight NC$4.8M · 0.02%
Armstrong & Eshleman P.A. NC$4.8M · 0.31%
Viva Life LLC NC$4.2M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844916004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.