Plan Ledger DOL Form 5500 · updated monthly

Iris Telehealth, Inc401(k)

IRIS TELEHEALTH 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Iris Telehealth, Inc reported $70,978 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,787 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 0.29% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,850th-largest of 5,688 plans among Texas employers on file, and the 548th of 2,534 in administrative & support services. In 2024, employees put in $2.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,940,650
Participants with balances520
Active participants580
Employer contributions$1,616,562
Employee contributions$4,247,794
Employer contribution per active participant$2,787
Average account balance$44,117
Benefits paid to participants$2,713,209
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$22.9M · 520 accts · $1.6M emplr
2023$16.4M · 481 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,890
Investment management$57,088
Total administrative$70,978
The Iris Telehealth, Inc 401(k) match · 2024
Employer contribution per active participant$2,787
Median for plans this size$2,416
2024$2,787 per active participant
2023$3,696 per active participant

Iris Telehealth, Inc's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
LPL FINANCIAL · Recordkeeping · Trustee$57,088
ADP, INC. · Loan processing · Recordkeeping$13,891
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, LPL Financial
2023ADP, LPL Financial

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

Administrative cost history2
2024$70,978 · 0.36%
2023$36,670 · 0.29%
Same employer
Similar plansAdministrative & Support Services · Texas
Cart.com, Inc. TX$25.5M · 0.27%
Cotton Holdings, Inc. TX$22.1M · 0.59%
The Bms Enterprises, LLC TX$21.7M · 0.42%
Embrey Development Company TX$21.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364880117 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.