Plan Ledger DOL Form 5500 · updated monthly

Concordance Healthcare Solutions401(k)

CONCORDANCE HEALTHCARE SOLUTIONS 401(K) RETIREMENT PLAN · TIFFIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Concordance Healthcare Solutions reported $174,928 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $662 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 0.43% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 711th-largest of 3,295 plans among Ohio employers on file, and the 920th of 4,246 in wholesale trade. In 2024, employees put in $4.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$45,160,379
Participants with balances744
Active participants855
Employer contributions$565,996
Employee contributions$2,546,060
Employer contribution per active participant$662
Average account balance$60,699
Benefits paid to participants$5,573,198
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.2M · 744 accts · $566K emplr
2023$42.3M · 718 accts · $697K emplr
2022$41.2M · 754 accts · $703K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,452
Investment management$96,476
Total administrative$174,928
The Concordance Healthcare Solutions 401(k) match · 2024
Employer contribution per active participant$662
Median for plans this size$2,416
2024$662 per active participant
2023$802 per active participant
2022$746 per active participant

Concordance Healthcare Solutions'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 · 20244
MONETA GROUP INVESTMENT ADVISORS LL · Consulting · Investment advisory (plan)$46,660
OSAIC WEALTH INC · Investment advisory (plan)$34,124
EMPOWER ADVISORY GROUP, LLC · Investment management$15,692

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$174,928 · 0.40%
2023$184,718 · 0.44%
2022$197,418 · 0.43%
Same employer
Similar plansWholesale Trade · Ohio
Towlift, Inc. OH$46.9M · 0.32%
Wolff Bros. Supply, Inc. OH$45.4M · 0.19%
Truland Equipment, LLC OH$44.7M · 0.48%
Famous Enterprises, Inc. OH$44.6M · 0.53%
Totes Isotoner Corporation OH$39.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383986849 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.