Plan Ledger DOL Form 5500 · updated monthly

Community Care Health Network, Inc.401(k)

MATRIX MEDICAL NETWORK 401(K) PLAN · NASHVILLE, TN · plan year 2023

Reported admin expense ratio · 2023
0.33%

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

Community Care Health Network, Inc. reported $208,928 in plan administrative expenses for 2023: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $545 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 0.29% to 0.33%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 234th-largest of 1,496 plans among Tennessee employers on file, and the 1,482nd of 11,911 in health care & social assistance. In 2023, employees put in $4.28 for every $1.00 the employer contributed; active participation has grown from 1,066 to 2,934 since 2022.

Plan summary
Net assets, end of year$67,216,537
Participants with balances2,800
Active participants2,934
Employer contributions$1,598,037
Employee contributions$6,841,786
Employer contribution per active participant$545
Average account balance$24,006
Benefits paid to participants$10,446,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $127K emplr
2023$67.2M · 2,800 accts · $1.6M emplr
2022$58.3M · 1,661 accts · $1.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$113,035
Investment management$95,893
Total administrative$208,928
The Community Care Health Network, Inc. 401(k) match · 2023
Employer contribution per active participant$545
Median for plans this size$3,659
2023$545 per active participant
2022$1,419 per active participant

Community Care Health Network, Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$113,035
CAPTRUST · Investment advisory (plan)$65,866
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$30,027

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

Administrative cost history3
2024Not separately reported
2023$208,928 · 0.33%
2022$192,539 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Premier Medical Group, P.C. TN$60.4M · 0.33%
The Surgical Clinic, PLLC TN$59.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061599981 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.