Plan Ledger DOL Form 5500 · updated monthly

Independent Healthcare Properties, LLC401(k)

INDEPENDENT HEALTHCARE PROPERTIES, LLC 401(K) PROFIT SHARING PLAN · OOLTEWAH, TN · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Independent Healthcare Properties, LLC reported $48,655 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $221 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 0.50% to 0.44%. 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 among the smaller plans on file in Tennessee (775th of 1,496), and the 5,173rd of 11,911 in health care & social assistance. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 745 to 2,584 since 2022.

Plan summary
Net assets, end of year$11,920,410
Participants with balances431
Active participants2,584
Employer contributions$571,087
Employee contributions$1,085,079
Employer contribution per active participant$221
Average account balance$27,658
Benefits paid to participants$1,265,337
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 431 accts · $571K emplr
2023$10.0M · 360 accts · $490K emplr
2022$9.4M · 353 accts · $471K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,335
Investment management$2,320
Total administrative$48,655
The Independent Healthcare Properties, LLC 401(k) match · 2024
Employer contribution per active participant$221
Median for plans this size$2,416
2024$221 per active participant
2023$469 per active participant
2022$633 per active participant

Independent Healthcare Properties, 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 · 20241

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$48,655 · 0.44%
2023$49,000 · 0.51%
2022$51,493 · 0.50%
Similar plansHealth Care & Social Assistance · Tennessee
Tend Dental, Inc. TN$12.4M · 0.31%
Signal Centers TN$12.4M · 0.72%
Alive Hospice, Inc. TN$11.8M · 0.79%
Axial Healthcare TN$11.5M · 1.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621684247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.