Plan Ledger DOL Form 5500 · updated monthly

Health E Systems dba Healthesystems401(k)

HEALTHESYSTEMS 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Health E Systems dba Healthesystems reported $243,045 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,489 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 0.60% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 567th-largest of 3,644 plans among Florida employers on file, and the 553rd of 2,199 in information & media. In 2024, employees put in $2.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,332,554
Participants with balances409
Active participants325
Employer contributions$1,133,885
Employee contributions$3,068,288
Employer contribution per active participant$3,489
Average account balance$113,283
Benefits paid to participants$2,338,375
Plan auditUnmodified (clean) audit opinion
AuditorPRIDA, GUIDA & PEREZ, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$46.3M · 409 accts · $1.1M emplr
2023$38.9M · 434 accts · $1.1M emplr
2022$31.0M · 434 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,710
Audit (IQPA)$15,500
Total administrative$243,045
The Health E Systems dba Healthesystems 401(k) match · 2024
Employer contribution per active participant$3,489
Median for plans this size$2,416
2024$3,489 per active participant
2023$3,135 per active participant
2022$2,957 per active participant

Health E Systems dba Healthesystems'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.

Service providers · 20243
T ROWE PRICE RPS INC · Recordkeeping · Trustee$45,710
MERCER · Consulting$70,848
PRIDA, GUIDA & PEREZ, P.A · Accounting / audit$15,500

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$243,045 · 0.57%
2023$200,809 · 0.57%
2022$203,053 · 0.60%
Same employer
Similar plansInformation & Media · Florida
Cyxtera Management, Inc. FL$76.9M · 0.18%
Info Tech, Inc. FL$75.5M · 0.15%
KNOWBE4, Inc. FL$57.2M · 0.07%
Sangoma US Inc. FL$40.0M · 0.46%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 421571782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.