Plan Ledger DOL Form 5500 · updated monthly

Foresight Mental Health Inc.401(k)

FORESIGHT MENTAL HEALTH 401(K) PLAN · ATLANTA, GA · plan year 2022

Reported admin expense ratio · 2022
0.90%

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

Foresight Mental Health Inc. reported $16,007 in plan administrative expenses for 2022: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,580 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Georgia (1,848th of 2,160), and 9,426th of 11,911 in health care & social assistance. In 2022, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,778,836
Participants with balances448
Active participants360
Employer contributions$568,938
Employee contributions$1,742,439
Employer contribution per active participant$1,580
Average account balance$6,203
Benefits paid to participants$464,040
Plan auditUnmodified (clean) audit opinion
AuditorMURPHY GAUDREAU HOSKINSON
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $314K emplr
2022$2.8M · 448 accts · $569K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$16,007
Total administrative$16,007
The Foresight Mental Health Inc. 401(k) match · 2022
Employer contribution per active participant$1,580
Median for plans this size$1,114

Foresight Mental Health Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$16,007 · 0.90%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Hallmark Systems, Inc. GA$2.9M · 0.51%
Families First, Inc. GA$2.8M · 0.02%
C. Ross Management, LLC GA$2.7M · 1.39%
Pineleaf Investments Inc. GA$2.5M · 1.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830925715 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.