Plan Ledger DOL Form 5500 · updated monthly

Healthsmart Management Services Organizations Inc401(k)

HEALTHSMART MANAGEMENT SERVICES ORGANIZATIONS, INC. 401(K) PLAN · CYPRESS, CA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Healthsmart Management Services Organizations Inc reported $78,668 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,236 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 0.35% to 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 4,707th-largest of 9,483 plans among California employers on file, and 512th of 786 in management of companies. In 2024, employees put in $3.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,270,026
Participants with balances193
Active participants267
Employer contributions$330,056
Employee contributions$1,239,294
Employer contribution per active participant$1,236
Average account balance$68,757
Benefits paid to participants$493,433
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 193 accts · $330K emplr
2023$10.8M · 185 accts · $335K emplr
2022$8.2M · 181 accts · $285K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,668
Total administrative$78,668
The Healthsmart Management Services Organizations Inc 401(k) match · 2024
Employer contribution per active participant$1,236
Median for plans this size$2,416
2024$1,236 per active participant
2023$1,300 per active participant
2022$1,169 per active participant

Healthsmart Management Services Organizations Inc's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$78,668
401(K) ADVISORS INC · Investment advisory (plan)indirect comp

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$78,668 · 0.65%
2023$61,709 · 0.65%
2022$28,512 · 0.35%
Same employer
Similar plansManagement of Companies · California
Mega International, LLC CA$17.5M · 0.90%
Snider Motors Inc CA$16.8M · 0.78%
Potrero Distilling Holdings CA$13.9M · 0.32%
Opm Services, LLC CA$13.0M · 0.50%
Friesen Group Inc. CA$13.0M · 0.03%
Cwr Industries, Inc. CA$12.6M · 0.03%
Alchemee, LLC CA$11.6M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931209030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.