Great Healthworks, Inc.401(k)
GREAT HEALTHWORKS, INC. 401(K) RETIREMENT PLAN · FORT LAUDERDALE, FL · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Great Healthworks, Inc. reported $68,708 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,434 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 0.98% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,339th-largest of 3,644 plans among Florida employers on file, and the 1,849th of 5,215 in retail trade. In 2024, employees put in $1.30 for every $1.00 the employer contributed; active participation has grown from 214 to 241 since 2022.
Great Healthworks, Inc.'s 2024 employer contribution ran above the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 680574987 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.