Plan Ledger DOL Form 5500 · updated monthly

Journey Health Foundation, Inc.401(k)

JOURNEY HEALTH FOUNDATION, INC. 403(B) THRIFT PLAN · CHATTANOOGA, TN · plan year 2022

Reported admin expense ratio · 2022
0.38%

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

Journey Health Foundation, Inc. reported $47,254 in plan administrative expenses for 2022: 0.38% of average plan assets, above the peer median. Employer contributions averaged $9,178 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 0.38% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Tennessee (833rd of 1,496), and the 5,699th of 11,911 in health care & social assistance. In 2022, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,003,088
Participants with balances198
Active participants1
Employer contributions$9,178
Employee contributions$27,608
Employer contribution per active participant$9,178
Average account balance$50,521
Benefits paid to participants$3,397,157
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 1 accts · $44K emplr
2023$8.9M · 176 accts · $17K emplr
2022$10.0M · 198 accts · $9K emplr
The Journey Health Foundation, Inc. 401(k) match · 2022
Employer contribution per active participant$9,178
Median for plans this size$2,266
2024$11,036 per active participant
2023$4,271 per active participant
2022$9,178 per active participant

Journey Health Foundation, Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Mutual of America
2023METROPOLITAN LIFE, Mutual of America

This plan has changed recordkeepers within these filings. If you left Journey Health Foundation, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,034 · 0.55%
2023$49,348 · 0.52%
2022$47,254 · 0.38%
Similar plansHealth Care & Social Assistance · Tennessee
Health Connect America TN$10.8M · 1.46%
Spero Health, Inc. TN$10.4M · 0.11%
Medic, Inc. TN$10.3M · 0.57%
Shearwater Health TN$9.8M · 1.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 581426458 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.