Plan Ledger DOL Form 5500 · updated monthly

Health Fitness Corporation401(k)

HEALTH FITNESS CORPORATION 401(K) SAVINGS PLAN · LAKE FOREST, IL · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Health Fitness Corporation reported $69,529 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $524 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 0.03% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 657th-largest of 3,702 plans among Illinois employers on file, and the 127th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $7.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$79,679,550
Participants with balances1,115
Active participants1,109
Employer contributions$580,956
Employee contributions$4,239,193
Employer contribution per active participant$524
Average account balance$71,461
Benefits paid to participants$12,016,909
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$79.7M · 1,115 accts · $581K emplr
2023$75.7M · 1,141 accts · $584K emplr
2022$64.6M · 1,152 accts · $575K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,147
Investment management$5,382
Total administrative$69,529
The Health Fitness Corporation 401(k) match · 2024
Employer contribution per active participant$524
Median for plans this size$3,635
2024$524 per active participant
2023$530 per active participant
2022$529 per active participant

Health Fitness Corporation'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$56,147
WILLIS TOWERS WATSON US LLC · Consulting$8,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,382

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$69,529 · 0.09%
2023$39,913 · 0.06%
2022$22,334 · 0.03%
Same employer
Similar plansArts, Entertainment & Recreation · Illinois
The Art Institute of Chicago IL$211.0M · 0.14%
Chicago Zoological Society IL$84.3M · 0.14%
John G. Shedd Aquarium IL$57.3M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411580506 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.