Plan Ledger DOL Form 5500 · updated monthly

Invo Healthcare Associates, LLC401(k)

INVO HOLDINGS 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Invo Healthcare Associates, LLC reported $84,778 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $220 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 0.24% to 0.38%. 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 1,009th-largest of 3,644 plans among Florida employers on file, and the 3,336th of 11,911 in health care & social assistance. In 2024, employees put in $6.75 for every $1.00 the employer contributed; active participation has shrunk from 2,010 to 1,016 since 2022.

Plan summary
Net assets, end of year$23,099,896
Participants with balances661
Active participants1,016
Employer contributions$223,865
Employee contributions$1,511,363
Employer contribution per active participant$220
Average account balance$34,947
Benefits paid to participants$2,866,972
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 661 accts · $224K emplr
2023$21.1M · 740 accts · $223K emplr
2022$18.1M · 796 accts · $267K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,981
Investment management$36,797
Total administrative$84,778
The Invo Healthcare Associates, LLC 401(k) match · 2024
Employer contribution per active participant$220
Median for plans this size$2,416
2024$220 per active participant
2023$159 per active participant
2022$133 per active participant

Invo Healthcare Associates, 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 · 20242
USI CONSULTING GROUP · Claims processing · Recordkeeping$47,981
USI ADVISORS · Investment advisory (plan)$36,797

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$84,778 · 0.38%
2023$51,351 · 0.26%
2022$47,605 · 0.24%
Similar plansHealth Care & Social Assistance · Florida
Intelident Solutions, Inc. FL$22.9M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320395173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.