Plan Ledger DOL Form 5500 · updated monthly

Hba Health Systems, LLC401(k)

HBA HEALTH SYSTEMS, LLC 401(K) RETIREMENT SAVINGS PLAN · FORT LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Hba Health Systems, LLC reported $77,474 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $358 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 3 years on file its reported administrative ratio has held roughly steady near 0.163%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 546th-largest of 3,644 plans among Florida employers on file, and the 1,928th of 11,911 in health care & social assistance. In 2024, employees put in $8.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$47,942,003
Participants with balances797
Active participants946
Employer contributions$338,419
Employee contributions$2,741,379
Employer contribution per active participant$358
Average account balance$60,153
Benefits paid to participants$7,959,966
Plan auditUnmodified (clean) audit opinion
AuditorFOVIS MAZARS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$47.9M · 797 accts · $338K emplr
2023$47.3M · 987 accts · $311K emplr
2022$41.6M · 957 accts · $318K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,290
Investment management$15,184
Total administrative$77,474
The Hba Health Systems, LLC 401(k) match · 2024
Employer contribution per active participant$358
Median for plans this size$2,416
2024$358 per active participant
2023$348 per active participant
2022$359 per active participant

Hba Health Systems, LLC's 2024 employer contribution ran below the $2,416 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$15,184
MORGAN STANLEY SMITH BARNEY LLCindirect comp
MORGAN STANLEY INSURANCE SERVICES Iindirect comp

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$77,474 · 0.16%
2023$63,691 · 0.14%
2022$72,661 · 0.16%
Similar plansHealth Care & Social Assistance · Florida
Eugene Therapy, LLC FL$50.3M · 0.52%
Alivia Care, Inc. FL$47.1M · 0.41%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 651033991 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.