Plan Ledger DOL Form 5500 · updated monthly

Engagemed, Inc.401(k)

ENGAGEMED 401(K) PLAN · NORTH LITTLE ROCK, AR · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Engagemed, Inc. reported $235,703 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,441 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 0.40% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 83rd-largest of 456 plans among Arkansas employers on file, and the 2,798th of 11,654 in professional & technical services. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$49,224,953
Participants with balances1,200
Active participants1,060
Employer contributions$3,647,340
Employee contributions$3,090,860
Employer contribution per active participant$3,441
Average account balance$41,021
Benefits paid to participants$6,968,108
Plan auditUnmodified (clean) audit opinion
AuditorHCJ CPAS & ADVISORS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$49.2M · 1,200 accts · $3.6M emplr
2023$42.6M · 1,200 accts · $3.3M emplr
2022$33.7M · 1,272 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$155,898
Investment management$79,805
Total administrative$235,703
The Engagemed, Inc. 401(k) match · 2024
Employer contribution per active participant$3,441
Median for plans this size$2,416
2024$3,441 per active participant
2023$3,122 per active participant
2022$2,542 per active participant

Engagemed, 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
JOHN HANCOCK · Recordkeeping · Loan processing$155,898
PENSION CONSULTANTS, INC.P · Investment advisory (plan)$60,000
HCJ CPAS & ADVISORS, PLLC · Accounting / audit$19,805

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$235,703 · 0.51%
2023$195,860 · 0.51%
2022$142,865 · 0.40%
Same employer
Similar plansProfessional & Technical Services · Arkansas
Southwest Power Pool, Inc. AR$224.5M · 0.07%
Garver, LLC AR$176.0M · 0.14%
Acoustic L.P. AR$29.3M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710765533 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.