Plan Ledger DOL Form 5500 · updated monthly

Independence Rehab, LLC401(k)

INDEPENDENCE REHAB, LLC 401(K) PROFIT SHARING PLAN · PROVO, UT · plan year 2024

Reported admin expense ratio · 2024
1.32%

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

Independence Rehab, LLC reported $273,331 in plan administrative expenses for 2024: 1.32% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,181 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 1.24% to 1.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 275th-largest of 848 plans among Utah employers on file, and the 3,375th of 11,911 in health care & social assistance. In 2024, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,693,414
Participants with balances1,293
Active participants1,332
Employer contributions$1,573,121
Employee contributions$3,288,249
Employer contribution per active participant$1,181
Average account balance$17,551
Benefits paid to participants$3,394,618
Plan auditUnmodified (clean) audit opinion
AuditorVALENTINE & CALDWELL CPAS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 1,293 accts · $1.6M emplr
2023$18.8M · 1,241 accts · $1.4M emplr
2022$13.9M · 1,249 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$273,331
Total administrative$273,331
The Independence Rehab, LLC 401(k) match · 2024
Employer contribution per active participant$1,181
Median for plans this size$2,416
2024$1,181 per active participant
2023$1,198 per active participant
2022$822 per active participant

Independence Rehab, LLC'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$208,128
DWC ERISA CONSULTANTS LLC · Contract administrator · Other services$65,202
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect comp
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect 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$273,331 · 1.32%
2023$208,019 · 1.27%
2022$175,076 · 1.24%
Same employer
Similar plansHealth Care & Social Assistance · Utah
Eduro Healthcare, LLC UT$27.9M · 1.39%
Alpine Pediatrics, P.C. UT$26.2M · 0.19%
Nomi Health Inc. UT$22.4M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271845798 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.