Plan Ledger DOL Form 5500 · updated monthly

Designs for Health, Inc.401(k)

DESIGNS FOR HEALTH, INC. 401(K) PLAN · SUFFIELD, CT · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Designs for Health, Inc. reported $89,988 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,793 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 rose from 0.46% to 0.64%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Connecticut (620th of 1,106), and the 1,835th of 5,215 in retail trade. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 349 to 407 since 2022.

Plan summary
Net assets, end of year$15,743,321
Participants with balances476
Active participants407
Employer contributions$1,136,642
Employee contributions$2,082,808
Employer contribution per active participant$2,793
Average account balance$33,074
Benefits paid to participants$2,006,536
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 476 accts · $1.1M emplr
2023$12.2M · 336 accts · $793K emplr
2022$9.0M · 298 accts · $706K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,895
Investment management$32,093
Total administrative$89,988
The Designs for Health, Inc. 401(k) match · 2024
Employer contribution per active participant$2,793
Median for plans this size$2,416
2024$2,793 per active participant
2023$1,921 per active participant
2022$2,023 per active participant

Designs for Health, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$57,969
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$24,915
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, Morgan Stanley
2023ADP, Morgan Stanley

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

Administrative cost history3
2024$89,988 · 0.64%
2023$150,793 · 1.42%
2022$43,575 · 0.46%
Same employer
Similar plansRetail Trade · Connecticut
L.H. Gault & Son, Inc. CT$19.1M · 0.20%
Gengras Motor Cars, Inc. CT$17.9M · 0.41%
Orlor, Inc CT$17.4M · 0.18%
Harte Nissan, Inc. CT$16.3M · 0.53%
Mitchell Auto Group, Inc. CT$15.3M · 0.48%
Hocon Gas, Inc. CT$15.0M · 0.30%
Dooney and Bourke, Inc. CT$14.6M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061468349 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.