Plan Ledger DOL Form 5500 · updated monthly

Healthcare Inc401(k)

HEALTHCARE INC 401K · MIAMI, FL · plan year 2022

Reported admin expense ratio · 2022
0.27%

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

Healthcare Inc reported $7,515 in plan administrative expenses for 2022: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,434 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,820th of 3,644), and 10,418th of 11,654 in professional & technical services. In 2022, employees put in $3.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,319,002
Participants with balances169
Active participants145
Employer contributions$352,982
Employee contributions$1,234,161
Employer contribution per active participant$2,434
Average account balance$19,639
Benefits paid to participants$505,669
Plan auditUnmodified (clean) audit opinion
AuditorSC&H ATTEST SERVICE, P.C., INC.
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $117K emplr
2022$3.3M · 169 accts · $353K emplr
The Healthcare Inc 401(k) match · 2022
Employer contribution per active participant$2,434
Median for plans this size$1,114

Healthcare Inc's 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$7,515 · 0.27%
Similar plansProfessional & Technical Services · Florida
Sonobi Inc. FL$3.5M · 0.72%
Hemmersbach US, LLC FL$3.4M · 0.80%
Target Surveying, LLC FL$3.4M · 1.03%
REV1 Power Services, Inc. FL$3.3M · 0.71%
Springbig, Inc. FL$3.2M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452731251 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.