Plan Ledger DOL Form 5500 · updated monthly

Health Plus Management LLC401(k)

HEALTH PLUS MANAGEMENT LLC 401(K) PROFIT SHARING PLAN & TRUST · UNIONDALE, NY · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Health Plus Management LLC reported $21,492 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $345 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 1.04% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (4,821st of 5,648), and 4,256th of 5,215 in retail trade. In 2024, employees put in $5.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,319,997
Participants with balances376
Active participants306
Employer contributions$105,641
Employee contributions$628,083
Employer contribution per active participant$345
Average account balance$8,830
Benefits paid to participants$148,747
Plan auditUnmodified (clean) audit opinion
AuditorGIAMBALVO STALZER AND CO, CPAS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.3M · 376 accts · $106K emplr
2023$2.3M · 270 accts · $82K emplr
2022$1.5M · 247 accts · $68K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,321
Investment management$311
Trustee / custodial$860
Total administrative$21,492
The Health Plus Management LLC 401(k) match · 2024
Employer contribution per active participant$345
Median for plans this size$1,313
2024$345 per active participant
2023$256 per active participant
2022$221 per active participant

Health Plus Management LLC's 2024 employer contribution ran below the $1,313 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 · 20241
PAYCHEX, INC. · Recordkeeping$20,638

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

Recordkeeper by year2
2024Paychex
2023Paychex

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

Administrative cost history3
2024$21,492 · 0.76%
2023$17,365 · 0.91%
2022$14,434 · 1.04%
Same employer
Similar plansRetail Trade · New York
Diptyque Distribution LLC NY$3.5M · 0.12%
Omega Moulding Co LTD NY$3.4M · 0.03%
Chapter 4 Corp NY$3.3M · 0.69%
Catbird Nyc LLC NY$3.2M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900818246 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.