Plan Ledger DOL Form 5500 · updated monthly

Health Services Management, Inc.401(k)

HEALTH SERVICES MANAGEMENT, INC. 401(K) PLAN · CRYSTAL RIVER, FL · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Health Services Management, Inc. reported $41,053 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $40 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 3 years on file its reported administrative ratio has held roughly steady near 0.502%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (1,966th of 3,644), and 6,279th of 11,911 in health care & social assistance. In 2024, employees put in $5.24 for every $1.00 the employer contributed; active participation has grown from 1,795 to 2,895 since 2022.

Plan summary
Net assets, end of year$8,418,664
Participants with balances349
Active participants2,895
Employer contributions$117,201
Employee contributions$613,941
Employer contribution per active participant$40
Average account balance$24,122
Benefits paid to participants$1,112,925
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 349 accts · $117K emplr
2023$7.9M · 337 accts · $171K emplr
2022$7.7M · 364 accts · $221K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,917
Investment management$23,136
Total administrative$41,053
The Health Services Management, Inc. 401(k) match · 2024
Employer contribution per active participant$40
Median for plans this size$1,313
2024$40 per active participant
2023$108 per active participant
2022$123 per active participant

Health Services Management, Inc.'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 · 20242
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$23,136
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$17,917

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$41,053 · 0.50%
2023$39,707 · 0.51%
2022$43,208 · 0.50%
Similar plansHealth Care & Social Assistance · Florida
Family Central, Inc. FL$8.5M · 0.87%
Lmi 2.0, LLC FL$8.4M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621808817 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.