Plan Ledger DOL Form 5500 · updated monthly

Garner Health Technology, Inc.401(k)

GARNER HEALTH 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Garner Health Technology, Inc. reported $5,520 in plan administrative expenses for 2024: 0.17% 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 1 year on file its reported administrative ratio rose from 0.09% to 0.17%. 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 New York (4,515th of 5,648), and 8,024th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$4,793,113
Participants with balances266
Active participants249
Employer contributions$0
Employee contributions$1,986,460
Employer contribution per active participant$0
Average account balance$18,019
Benefits paid to participants$324,847
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$4.8M · 266 accts
2023$1.7M · 153 accts
Administrative expenses, itemized · 2024
Investment management$5,520
Total administrative$5,520
The Garner Health Technology, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Garner Health Technology, 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
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$5,520

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

Administrative cost history2
2024$5,520 · 0.17%
2023$1,499 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · New York
Oswego Industries, Inc. NY$4.8M · 0.04%
Ideal Home Health Inc. NY$4.7M · 3.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843555449 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.