Plan Ledger DOL Form 5500 · updated monthly

Health Carousel LLC401(k)

HEALTH CAROUSEL LLC 401(K) PROFIT SHARING PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Health Carousel LLC reported $276,602 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,346 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 0.51% to 0.37%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 442nd-largest of 3,295 plans among Ohio employers on file, and the 197th of 2,534 in administrative & support services. In 2024, employees put in $3.71 for every $1.00 the employer contributed; active participation has shrunk from 3,429 to 2,915 since 2022.

Plan summary
Net assets, end of year$80,023,577
Participants with balances2,937
Active participants2,915
Employer contributions$3,923,120
Employee contributions$14,568,537
Employer contribution per active participant$1,346
Average account balance$27,247
Benefits paid to participants$12,204,074
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG & CO. LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$80.0M · 2,937 accts · $3.9M emplr
2023$68.1M · 3,232 accts · $4.6M emplr
2022$46.2M · 2,939 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$242,596
Investment management$34,006
Total administrative$276,602
The Health Carousel LLC 401(k) match · 2024
Employer contribution per active participant$1,346
Median for plans this size$3,635
2024$1,346 per active participant
2023$1,530 per active participant
2022$1,322 per active participant

Health Carousel LLC's 2024 employer contribution ran below the $3,635 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$242,597
VALMARK SECURITIES INC. · Recordkeeping · Trustee$34,006
MESIROW FINANCIAL INVESTMENT MANAGE · Loan processingindirect comp

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

Recordkeeper by year2
2024ADP, VALMARK SECURITIES INC.
2023ADP, VALMARK SECURITIES INC.

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Administrative cost history3
2024$276,602 · 0.37%
2023$249,139 · 0.44%
2022$221,566 · 0.51%
Same employer
Similar plansAdministrative & Support Services · Ohio
Rteam Management, Inc. OH$250.8M · 0.00%
Cbc Companies, Inc. OH$169.0M · 0.07%
Staffmark Group, LLC OH$149.1M · 0.25%
Ironroad, Inc. OH$61.5M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201601546 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.