Plan Ledger DOL Form 5500 · updated monthly

Heartland Healthcare Providers, Inc.401(k)

HEARTLAND HEALTHCARE PROVIDERS 401(K) SAVINGS PLAN · LENEXA, KS · plan year 2023

Reported admin expense ratio · 2023
1.38%

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

Heartland Healthcare Providers, Inc. reported $45,058 in plan administrative expenses for 2023: 1.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,889 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 fell from 1.09% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Kansas (709th of 828), and 1,664th of 2,534 in administrative & support services. In 2023, employees put in $3.80 for every $1.00 the employer contributed; active participation has shrunk from 119 to 44 since 2022.

Plan summary
Net assets, end of year$3,470,592
Participants with balances420
Active participants44
Employer contributions$127,128
Employee contributions$482,789
Employer contribution per active participant$2,889
Average account balance$8,263
Benefits paid to participants$743,075
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 299 accts
2023$3.5M · 420 accts · $127K emplr
2022$3.0M · 476 accts · $575K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$45,058
Total administrative$45,058
The Heartland Healthcare Providers, Inc. 401(k) match · 2023
Employer contribution per active participant$2,889
Median for plans this size$1,308
2023$2,889 per active participant
2022$4,836 per active participant

Heartland Healthcare Providers, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
FARMER & BETTS, INC · Contract administrator · Other services$23,452
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,606
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ASSOCIATES INCORPORATED · 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$31,422 · 0.92%
2023$45,058 · 1.38%
2022$28,216 · 1.09%
Similar plansAdministrative & Support Services · Kansas
Lynn Care, LLC KS$4.1M · 0.98%
Cd & H, Inc. KS$4.0M · 0.41%
Tri 3, Inc. KS$3.8M · 0.81%
Fire Door Solutions, LLC KS$1.7M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473209859 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.