Plan Ledger DOL Form 5500 · updated monthly

Careflite401(k)

CAREFLITE 401(K) PLAN · GRAND PRAIRIE, TX · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Careflite reported $44,741 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,620 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 rose from 0.07% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,181st-largest of 5,688 plans among Texas employers on file, and the 2,111th of 11,911 in health care & social assistance. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,948,131
Participants with balances891
Active participants640
Employer contributions$1,677,047
Employee contributions$3,012,542
Employer contribution per active participant$2,620
Average account balance$48,202
Benefits paid to participants$5,722,608
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.9M · 891 accts · $1.7M emplr
2023$38.2M · 771 accts · $1.6M emplr
2022$32.7M · 825 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,724
Investment management$18,017
Total administrative$44,741
The Careflite 401(k) match · 2024
Employer contribution per active participant$2,620
Median for plans this size$2,416
2024$2,620 per active participant
2023$2,772 per active participant
2022$2,433 per active participant

Careflite's 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,724
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$18,017

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$44,741 · 0.11%
2023$43,420 · 0.12%
2022$24,508 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Bakerripley TX$43.9M · 0.49%
El Centro Del Barrio TX$43.5M · 0.34%
One Voice Central Texas TX$42.3M · 0.96%
The Menninger Clinic TX$42.2M · 0.05%
McH Professional Care TX$41.8M · 0.21%
El Paso Children's Hospital TX$41.6M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751657155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.