Plan Ledger DOL Form 5500 · updated monthly

Healthpoint Family Care, Inc.401(k)

HEALTHPOINT FAMILY CARE, INC. 401(K) PLAN · COVINGTON, KY · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Healthpoint Family Care, Inc. reported $22,794 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $2,315 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 0.12% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kentucky (438th of 871), and the 5,322nd of 11,911 in health care & social assistance. In 2024, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,398,972
Participants with balances169
Active participants172
Employer contributions$398,099
Employee contributions$890,719
Employer contribution per active participant$2,315
Average account balance$67,450
Benefits paid to participants$1,926,129
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 169 accts · $398K emplr
2023$10.5M · 160 accts · $431K emplr
2022$9.2M · 170 accts · $414K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$476
Total administrative$22,794
The Healthpoint Family Care, Inc. 401(k) match · 2024
Employer contribution per active participant$2,315
Median for plans this size$2,416
2024$2,315 per active participant
2023$2,450 per active participant
2022$2,508 per active participant

Healthpoint Family Care, Inc.'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
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$22,318

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$22,794 · 0.21%
2023$13,603 · 0.14%
2022$11,698 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Inlet Health, Inc. KY$12.3M · 0.82%
Cumberland County Hospital KY$11.6M · 0.01%
Learning Grove, Inc. KY$10.4M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610729915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.