Plan Ledger DOL Form 5500 · updated monthly

Directions for Mental Health, Inc.401(k)

403(B) THRIFT PLAN OF DIRECTIONS FOR MENTAL HEALTH, INC. · CLEARWATER, FL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Directions for Mental Health, Inc. reported $2,937 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 0.05% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,730th of 3,644), and 8,676th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$3,819,751
Participants with balances277
Active participants384
Employer contributions$0
Employee contributions$562,784
Employer contribution per active participant$0
Average account balance$13,790
Benefits paid to participants$665,328
Plan auditUnmodified (clean) audit opinion
AuditorRIVERO, GORDIMER & COMPANY, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 277 accts
2023$3.3M · 257 accts · $26K emplr
2022$2.8M · 248 accts
The Directions for Mental Health, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Directions for Mental Health, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$4,248

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$2,937 · 0.08%
2023$818 · 0.03%
2022$1,565 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Doctors Memorial Hospital FL$3.8M · 0.56%
Daniel Memorial, Inc. FL$3.7M · 1.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 592092715 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.