Plan Ledger DOL Form 5500 · updated monthly

Healthnet Aeromedical Services Inc dba Healthnet Aeromedical Services401(k)

HEALTHNET AEROMEDICAL SERVICES 401(K) PLAN · CHARLESTON, WV · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Healthnet Aeromedical Services Inc dba Healthnet Aeromedical Services reported $42,313 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,020 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 0.52% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in West Virginia (158th of 265), and 9,807th of 13,661 in manufacturing. In 2024, employees put in $2.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,705,086
Participants with balances145
Active participants266
Employer contributions$271,268
Employee contributions$767,703
Employer contribution per active participant$1,020
Average account balance$53,139
Benefits paid to participants$900,825
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, GRIFFITH & MAYS, A.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 145 accts · $271K emplr
2023$6.6M · 147 accts · $257K emplr
2022$5.1M · 153 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,615
Investment management$38,698
Total administrative$42,313
The Healthnet Aeromedical Services Inc dba Healthnet Aeromedical Services 401(k) match · 2024
Employer contribution per active participant$1,020
Median for plans this size$1,313
2024$1,020 per active participant
2023$897 per active participant
2022$944 per active participant

Healthnet Aeromedical Services Inc dba Healthnet Aeromedical Services'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 · 20245
AXXCESS WEALTH MANAGEMENT LLC · Investment advisory (plan)$19,519
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$5,693
M2B RETIREMENT CONSULTING, LLC · Contract administrator$2,800
EMPOWER ADVISORY GROUP, LLC · Investment management$2,410

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$42,313 · 0.59%
2023$32,152 · 0.55%
2022$26,622 · 0.52%
Similar plansManufacturing · West Virginia
Champion Industries, Inc. WV$10.1M · 0.01%
Amsted Graphite Materials WV$8.5M · 0.45%
Apg Polytech, LLC WV$7.4M · 0.10%
Parkline, Inc. WV$6.9M · 0.32%
Jim C. Hamer Company WV$6.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550681969 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.