Plan Ledger DOL Form 5500 · updated monthly

Femwell Group Health, Inc.401(k)

FEMWELL GROUP HEALTH, INC. 401(K) PLAN · MIAMI, FL · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Femwell Group Health, Inc. reported $23,115 in plan administrative expenses for 2023: 0.41% of average plan assets, below the peer median. Employer contributions averaged $2,272 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 0.49% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,279th of 3,644), and 7,228th of 11,911 in health care & social assistance. In 2023, employees put in $1.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,255,778
Participants with balances171
Active participants136
Employer contributions$309,055
Employee contributions$354,583
Employer contribution per active participant$2,272
Average account balance$36,583
Benefits paid to participants$415,981
Plan auditUnmodified (clean) audit opinion
AuditorCOHN REZNICK
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 181 accts · $382K emplr
2023$6.3M · 171 accts · $309K emplr
2022$5.1M · 154 accts · $270K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,887
Investment management$10,500
Total administrative$23,115
The Femwell Group Health, Inc. 401(k) match · 2023
Employer contribution per active participant$2,272
Median for plans this size$1,308
2024$2,067 per active participant
2023$2,272 per active participant
2022$2,095 per active participant

Femwell Group Health, Inc.'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
EMPOWER ANNUITY INSURANCE COMPANY O · Contract administrator · Recordkeeping$11,856
NFP RETIREMENT, INC. · Investment advisory (plan)$10,500

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

Administrative cost history3
2024$35,549 · 0.59%
2023$23,115 · 0.41%
2022$27,609 · 0.49%
Similar plansHealth Care & Social Assistance · Florida
Kids Central, Inc. FL$6.6M · 0.49%
Clear Sight Partners, LLC FL$6.3M · 1.37%
Opuscare Management LLC FL$6.1M · 0.14%
Revivehealth, Inc FL$6.1M · 0.36%
Disc Village, Inc. FL$6.0M · 1.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650505313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.