Plan Ledger DOL Form 5500 · updated monthly

Cult Health LLC401(k)

CULT HEALTH LLC 401(K) PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.87%

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

Cult Health LLC reported $56,994 in plan administrative expenses for 2023: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,209 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 has held roughly steady near 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,933rd of 5,648), and 8,748th of 11,654 in professional & technical services. In 2023, employees put in $1.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,847,183
Participants with balances245
Active participants124
Employer contributions$893,944
Employee contributions$1,089,456
Employer contribution per active participant$7,209
Average account balance$32,029
Benefits paid to participants$604,011
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$7.8M · 245 accts · $894K emplr
2022$5.3M · 166 accts · $356K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$31,480
Investment management$25,514
Total administrative$56,994
The Cult Health LLC 401(k) match · 2023
Employer contribution per active participant$7,209
Median for plans this size$1,308
2023$7,209 per active participant
2022$2,940 per active participant

Cult Health LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$31,480
LPL FINANCIAL LLC · Investment advisory (plan)$25,514

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$56,994 · 0.87%
2022$44,101 · 0.89%
Similar plansProfessional & Technical Services · New York
Slice Solutions, Inc. NY$8.0M · 0.49%
Adhawk Inc. NY$8.0M · 0.59%
Gallo Vitucci & Klar, LLP NY$8.0M · 0.09%
5W Public Relations NY$7.9M · 0.70%
Butterflymx, Inc. NY$7.7M · 0.38%
Advance 2000 Inc. NY$7.6M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452617517 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.