Plan Ledger DOL Form 5500 · updated monthly

Careharmony, Inc.401(k)

CAREHARMONY 401(K) PLAN · BRENTWOOD, TN · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Careharmony, Inc. reported $931 in plan administrative expenses for 2024: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $772 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 1 year on file its reported administrative ratio rose from 0.03% to 0.13%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Tennessee (1,382nd of 1,496), and 10,716th of 11,911 in health care & social assistance. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,217,846
Participants with balances414
Active participants402
Employer contributions$310,187
Employee contributions$555,658
Employer contribution per active participant$772
Average account balance$2,942
Benefits paid to participants$182,756
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$1.2M · 414 accts · $310K emplr
2023$250K · 188 accts · $77K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$448
Investment management$483
Total administrative$931
The Careharmony, Inc. 401(k) match · 2024
Employer contribution per active participant$772
Median for plans this size$540
2024$772 per active participant
2023$374 per active participant

Careharmony, Inc.'s 2024 employer contribution ran above the $540 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.

Administrative cost history2
2024$931 · 0.13%
2023$86 · 0.03%
Similar plansHealth Care & Social Assistance · Tennessee
Hilltoppers Inc TN$1.3M · 1.08%
Legacy Senior Living, LLC TN$1.2M · 1.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 832475162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.