Plan Ledger DOL Form 5500 · updated monthly

Empower Healthcare Solutions, LLC401(k)

EMPOWER HEALTHCARE SOLUTIONS 401(K) PLAN · LITTLE ROCK, AR · plan year 2024

Reported admin expense ratio · 2024
1.06%

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

Empower Healthcare Solutions, LLC reported $56,380 in plan administrative expenses for 2024: 1.06% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,337 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 1.25% to 1.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Arkansas (287th of 456), and 4,331st of 4,798 in finance & insurance. In 2024, the employer put in $1.56 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$6,492,784
Participants with balances449
Active participants429
Employer contributions$1,431,526
Employee contributions$920,548
Employer contribution per active participant$3,337
Average account balance$14,461
Benefits paid to participants$686,222
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 449 accts · $1.4M emplr
2023$4.1M · 523 accts · $1.3M emplr
2022$1.9M · 475 accts · $921K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,372
Investment management$19,656
Trustee / custodial$6,352
Total administrative$56,380
The Empower Healthcare Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$3,337
Median for plans this size$1,313
2024$3,337 per active participant
2023$3,087 per active participant
2022$1,952 per active participant

Empower Healthcare Solutions, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MILLIMAN, INC. · Recordkeeping · Loan processing$30,372
FIRST SECURITY BANK DBA C/O TRUST A$19,656
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$6,352
CHARLES SCHWAB & CO., INC. · Custodial (securities)indirect 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
2024Milliman
2023Milliman

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

Administrative cost history3
2024$56,380 · 1.06%
2023$44,061 · 1.45%
2022$12,716 · 1.25%
Similar plansFinance & Insurance · Arkansas
Malvern National Bank AR$8.8M · 0.17%
Stone Bank AR$7.7M · 0.09%
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Today's Bank AR$4.7M · 0.19%
Acretrader, Inc. AR$1.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821454637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.