Plan Ledger DOL Form 5500 · updated monthly

Heartland Healthcare Services401(k)

HEARTLAND HEALTHCARE SERVICES 401(K) RETIREMENT PLAN · TOLEDO, OH · plan year 2022

Reported admin expense ratio · 2022
0.42%

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

Heartland Healthcare Services reported $108,331 in plan administrative expenses for 2022: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,480 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 1 year on file its reported administrative ratio rose from 0.42% to 0.98%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other retail trade employers. By assets it is the 1,173rd-largest of 3,295 plans among Ohio employers on file, and the 1,266th of 5,215 in retail trade. In 2022, employees put in $3.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,711,902
Participants with balances373
Active participants277
Employer contributions$409,959
Employee contributions$1,521,952
Employer contribution per active participant$1,480
Average account balance$63,571
Benefits paid to participants$1,739,200
Plan auditUnmodified (clean) audit opinion
AuditorDEMARCO & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$1.8M · 154 accts · $177K emplr
2022$23.7M · 373 accts · $410K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$108,331
Total administrative$108,331
The Heartland Healthcare Services 401(k) match · 2022
Employer contribution per active participant$1,480
Median for plans this size$2,266

Heartland Healthcare Services's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024The Standard
2023The Standard

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Administrative cost history3
2024Not separately reported
2023$124,816 · 0.98%
2022$108,331 · 0.42%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 341766299 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.