Plan Ledger DOL Form 5500 · updated monthly

Healthjoy LLC401(k)

HEALTHJOY, LLC 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Healthjoy LLC reported $27,914 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $858 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 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Illinois (2,584th of 3,702), and 8,640th of 11,654 in professional & technical services. In 2024, employees put in $11.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,137,453
Participants with balances207
Active participants168
Employer contributions$144,171
Employee contributions$1,684,011
Employer contribution per active participant$858
Average account balance$39,311
Benefits paid to participants$1,366,405
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 207 accts · $144K emplr
2023$6.4M · 204 accts · $126K emplr
2022$3.8M · 191 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,756
Investment management$3,158
Total administrative$27,914
The Healthjoy LLC 401(k) match · 2024
Employer contribution per active participant$858
Median for plans this size$1,313
2024$858 per active participant
2023$698 per active participant
2022$815 per active participant

Healthjoy LLC's 2024 employer contribution ran below the $1,313 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 WORKPLACE SERVICES, LLC · Plan administrator · Trustee (discretionary)$24,756

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$27,914 · 0.38%
2023$27,407 · 0.54%
2022$12,153 · 0.37%
Same employer
Similar plansProfessional & Technical Services · Illinois
W-T Engineering, LLC IL$8.4M · 0.06%
Kranze Technology IL$8.3M · 0.47%
Showpad Inc. IL$8.0M · 0.28%
Elevate Care, Inc. IL$8.0M · 2.06%
Avvale, Inc. IL$7.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465722012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.