Plan Ledger DOL Form 5500 · updated monthly

Health Choice Network of Florida, IncDC plan

403(B) THRIFT PLAN OF HEALTH CHOICE NETWORK OF FLORIDA, INC · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Health Choice Network of Florida, Inc reported $15,768 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $3,166 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 rose from 0.08% to 0.12%. 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 1,459th-largest of 3,644 plans among Florida employers on file, and the 4,765th of 11,911 in health care & social assistance. In 2024, employees put in $1.14 for every $1.00 the employer contributed; active participation has grown from 118 to 138 since 2022.

Plan summary
Net assets, end of year$13,658,650
Participants with balances231
Active participants138
Employer contributions$436,844
Employee contributions$499,346
Employer contribution per active participant$3,166
Average account balance$59,128
Benefits paid to participants$606,432
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 231 accts · $437K emplr
2023$11.7M · 229 accts · $348K emplr
2022$9.0M · 211 accts · $278K emplr
Employer contributions to the Health Choice Network of Florida, Inc plan · 2024
Employer contribution per active participant$3,166
Median for plans this size$2,416
2024$3,166 per active participant
2023$2,382 per active participant
2022$2,358 per active participant

Health Choice Network of Florida, Inc's 2024 employer contribution ran above the $2,416 median for plans its size. 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.

Administrative cost history3
2024$15,768 · 0.12%
2023$14,079 · 0.14%
2022$6,758 · 0.08%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Summit Care II, Inc. FL$13.7M · 0.03%
Bioserenity USA Inc. FL$13.7M · 0.52%
Health Choice Network, Inc FL$13.6M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650504316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.