Plan Ledger DOL Form 5500 · updated monthly

Confluent Health, LLC401(k)

CONFLUENT HEALTH, LLC 401(K) PROFIT SHARING PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Confluent Health, LLC reported $408,680 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $1,226 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 0.32% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 40th-largest of 871 plans among Kentucky employers on file, and the 793rd of 11,654 in professional & technical services. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has shrunk from 8,799 to 7,686 since 2022.

Plan summary
Net assets, end of year$204,145,325
Participants with balances5,075
Active participants7,686
Employer contributions$9,424,663
Employee contributions$19,716,555
Employer contribution per active participant$1,226
Average account balance$40,226
Benefits paid to participants$18,501,180
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$204.1M · 5,075 accts · $9.4M emplr
2023$155.9M · 4,308 accts · $8.0M emplr
2022$96.8M · 3,460 accts · $5.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$352,350
Investment management$56,330
Total administrative$408,680
The Confluent Health, LLC 401(k) match · 2024
Employer contribution per active participant$1,226
Median for plans this size$3,635
2024$1,226 per active participant
2023$1,106 per active participant
2022$614 per active participant

Confluent Health, LLC's 2024 employer contribution ran below the $3,635 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
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$352,350
CREATIVE PLANNING LLC · Investment advisory (plan)$56,330

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$408,680 · 0.23%
2023$368,882 · 0.29%
2022$312,577 · 0.32%
Same employer
Similar plansProfessional & Technical Services · Kentucky
Frost Brown Todd LLP KY$329.9M · 0.05%
Southern Graphics Inc. KY$202.1M · 0.11%
Stites & Harbison KY$183.6M · 0.08%
Stoll Keenon Ogden PLLC KY$167.9M · 0.04%
Waystar, Inc. KY$161.8M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471584422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.