Plan Ledger DOL Form 5500 · updated monthly

Carespring Health Care Management, LLC401(k)

CARESPRING HEALTH CARE MANAGEMENT SAVINGS & RETIREMENT PLAN · LOVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Carespring Health Care Management, LLC reported $164,223 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $61 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 0.72% to 0.59%. 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 965th-largest of 3,295 plans among Ohio employers on file, and the 2,751st of 11,911 in health care & social assistance. In 2024, employees put in $30.24 for every $1.00 the employer contributed; active participation has grown from 1,701 to 2,116 since 2022.

Plan summary
Net assets, end of year$30,382,639
Participants with balances2,237
Active participants2,116
Employer contributions$128,967
Employee contributions$3,900,029
Employer contribution per active participant$61
Average account balance$13,582
Benefits paid to participants$2,833,036
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.4M · 2,237 accts · $129K emplr
2023$25.7M · 2,130 accts · $145K emplr
2022$17.6M · 1,592 accts · $88K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$158,909
Investment management$5,314
Total administrative$164,223
The Carespring Health Care Management, LLC 401(k) match · 2024
Employer contribution per active participant$61
Median for plans this size$2,416
2024$61 per active participant
2023$71 per active participant
2022$52 per active participant

Carespring Health Care Management, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK · Recordkeeping$158,909
WILSHIRE ASSOCIATES, INC. · Investment advisory (plan)$5,314

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$164,223 · 0.59%
2023$151,421 · 0.70%
2022$136,568 · 0.72%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Sprenger Enterprises, Inc. OH$31.1M · 0.02%
Legacy Health Services OH$31.1M · 0.18%
Eye Care Associates Inc. OH$30.6M · 0.01%
Guernsey Health Systems OH$29.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010885621 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.