Plan Ledger DOL Form 5500 · updated monthly

Healthways, Inc.401(k)

HEALTHWAYS, INC. 401(K) PLAN · WHEELING, WV · plan year 2024

Reported admin expense ratio · 2024
0.98%

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

Healthways, Inc. reported $23,805 in plan administrative expenses for 2024: 0.98% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,286 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 0.78% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in West Virginia (228th of 265), and 9,613th of 11,911 in health care & social assistance. In 2024, the employer put in $1.58 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,534,465
Participants with balances182
Active participants112
Employer contributions$144,011
Employee contributions$90,954
Employer contribution per active participant$1,286
Average account balance$13,926
Benefits paid to participants$248,123
Plan auditUnmodified (clean) audit opinion
AuditorGOFF BACKA ALFERA & CO, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 182 accts · $144K emplr
2023$2.3M · 179 accts · $144K emplr
2022$2.0M · 168 accts · $148K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,387
Investment management$418
Total administrative$23,805
The Healthways, Inc. 401(k) match · 2024
Employer contribution per active participant$1,286
Median for plans this size$1,313
2024$1,286 per active participant
2023$1,469 per active participant
2022$1,360 per active participant

Healthways, Inc.'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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$403

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$23,805 · 0.98%
2023$20,459 · 0.94%
2022$15,806 · 0.78%
Similar plansHealth Care & Social Assistance · West Virginia
The Potomac Center, Inc. WV$3.1M · 0.17%
Fox Nursing Home, Inc. WV$2.6M · 1.04%
Best Life Therapy, LLC WV$2.4M · 0.86%
Jan-Care Ambulance, Inc. WV$2.1M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550524964 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.