Plan Ledger DOL Form 5500 · updated monthly

Healthaxis Group, LLC401(k)

HEALTHAXIS GROUP, LLC 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Healthaxis Group, LLC reported $59,042 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,453 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 0.30% to 0.36%. 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 1,266th-largest of 3,644 plans among Florida employers on file, and 1,130th of 2,199 in information & media. In 2024, employees put in $3.99 for every $1.00 the employer contributed; active participation has shrunk from 325 to 207 since 2022.

Plan summary
Net assets, end of year$16,812,115
Participants with balances310
Active participants207
Employer contributions$300,724
Employee contributions$1,199,858
Employer contribution per active participant$1,453
Average account balance$54,233
Benefits paid to participants$3,456,360
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 310 accts · $301K emplr
2023$16.2M · 404 accts · $325K emplr
2022$13.6M · 407 accts · $348K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,552
Investment management$32,490
Total administrative$59,042
The Healthaxis Group, LLC 401(k) match · 2024
Employer contribution per active participant$1,453
Median for plans this size$2,416
2024$1,453 per active participant
2023$1,414 per active participant
2022$1,072 per active participant

Healthaxis Group, LLC's 2024 employer contribution ran below 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 · 20242
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$32,490
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,552

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$59,042 · 0.36%
2023$52,008 · 0.35%
2022$44,216 · 0.30%
Same employer
Similar plansInformation & Media · Florida
Multi Image Group, Inc. FL$17.6M · 0.28%
Pulau Corporation FL$17.0M · 0.53%
Ole Media Services, Inc. FL$16.8M · 0.38%
Nymbus, Inc. FL$16.1M · 0.65%
Tara Group, LLC FL$15.8M · 0.41%
Blue Stream Communications FL$15.5M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455531595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.