Plan Ledger DOL Form 5500 · updated monthly

Health Tech Solutions LLC401(k)

HEALTH TECH SOLUTIONS LLC 401(K) PROFIT SHARING PLAN AND TRUST · FRANKFORT, KY · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Health Tech Solutions LLC reported $54,063 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,921 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 0.19% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 311th-largest of 871 plans among Kentucky employers on file, and the 5,824th of 11,654 in professional & technical services. In 2024, employees put in $2.92 for every $1.00 the employer contributed; active participation has grown from 162 to 226 since 2022.

Plan summary
Net assets, end of year$18,499,214
Participants with balances207
Active participants226
Employer contributions$886,230
Employee contributions$2,584,857
Employer contribution per active participant$3,921
Average account balance$89,368
Benefits paid to participants$1,995,941
Plan auditUnmodified (clean) audit opinion
AuditorBESTEN & DIERUF
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 207 accts · $886K emplr
2023$14.0M · 182 accts · $711K emplr
2022$10.4M · 148 accts · $670K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,063
Total administrative$54,063
The Health Tech Solutions LLC 401(k) match · 2024
Employer contribution per active participant$3,921
Median for plans this size$2,416
2024$3,921 per active participant
2023$3,553 per active participant
2022$4,139 per active participant

Health Tech Solutions LLC'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$54,063

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$54,063 · 0.33%
2023$17,728 · 0.15%
2022$20,421 · 0.19%
Same employer
Similar plansProfessional & Technical Services · Kentucky
Universal Woods, LLC KY$19.8M · 0.46%
Universal Woods, LLC KY$18.6M · 0.44%
Boehl Stopher & Graves, LLP KY$17.4M · 0.23%
Certilytics, Inc. KY$14.1M · 0.29%
Doe-Anderson, Inc. KY$13.8M · 0.02%
Alliant Technologies LLC KY$13.6M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452938486 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.