Plan Ledger DOL Form 5500 · updated monthly

Hegira Health, Inc.403(b)

HHI RETIREMENT SAVINGS PLAN · LIVONIA, MI · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Hegira Health, Inc. reported $73,976 in plan administrative expenses for 2023: 0.44% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,128 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 0.35% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,127th-largest of 2,619 plans among Michigan employers on file, and the 4,034th of 11,911 in health care & social assistance. In 2023, the employer put in $1.04 for every $1.00 employees contributed themselves; active participation has grown from 423 to 468 since 2022.

Plan summary
Net assets, end of year$17,633,950
Participants with balances402
Active participants468
Employer contributions$995,676
Employee contributions$956,859
Employer contribution per active participant$2,128
Average account balance$43,866
Benefits paid to participants$2,251,069
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 500 accts · $1.0M emplr
2023$17.6M · 402 accts · $996K emplr
2022$15.7M · 400 accts · $722K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$73,976
Total administrative$73,976
Employer contributions to the Hegira Health, Inc. plan · 2023
Employer contribution per active participant$2,128
Median for plans this size$2,440
2024$2,161 per active participant
2023$2,128 per active participant
2022$1,706 per active participant

Hegira Health, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
LINCOLN NATIONAL CORPORATION · Contract administrator$73,976

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$55,366 · 0.32%
2023$73,976 · 0.44%
2022$52,906 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
McKenzie Memorial Hospital MI$18.1M · 0.28%
Eaton Rapids Medical Center MI$17.2M · 0.58%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382172765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.