Plan Ledger DOL Form 5500 · updated monthly

Health Care Management Consulting, Inc.401(k)

HEALTH CARE MANAGEMENT CONSULTING, INC. 401(K) PSP · JACKSONVILLE, FL · plan year 2022

Reported admin expense ratio · 2022
0.67%

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

Health Care Management Consulting, Inc. reported $21,703 in plan administrative expenses for 2022: 0.67% of average plan assets, above the peer median. Employer contributions averaged $186 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 Florida (2,940th of 3,644), and 9,485th of 11,911 in health care & social assistance. In 2022, employees put in $12.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,706,636
Participants with balances45
Active participants47
Employer contributions$8,760
Employee contributions$108,125
Employer contribution per active participant$186
Average account balance$60,147
Benefits paid to participants$385,492
Plan auditUnmodified (clean) audit opinion
AuditorSIMONIC SIMONIC RATNECHT & ASSOC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$620
Investment management$618
Professional / advisory$20,465
Total administrative$21,703
The Health Care Management Consulting, Inc. 401(k) match · 2022
Employer contribution per active participant$186
Median for plans this size$1,114

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

Administrative cost history1
2022$21,703 · 0.67%
Similar plansHealth Care & Social Assistance · Florida
Impower, Inc. FL$2.8M · 1.36%
Sonata Health Care, LLC FL$2.8M · 0.76%
Retiring by Design FL$2.8M · 0.71%
Centerplace Health, Inc. FL$2.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592895793 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.