Plan Ledger DOL Form 5500 · updated monthly

K Health Inc.401(k)

K HEALTH 401K PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

K Health Inc. reported $62,106 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,134 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 0.34% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,052nd of 5,648), and 6,765th of 11,911 in health care & social assistance. In 2024, employees put in $3.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,212,630
Participants with balances233
Active participants174
Employer contributions$371,350
Employee contributions$1,259,255
Employer contribution per active participant$2,134
Average account balance$30,955
Benefits paid to participants$2,312,604
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.2M · 233 accts · $371K emplr
2023$6.4M · 234 accts · $602K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,586
Investment management$34,520
Total administrative$62,106
The K Health Inc. 401(k) match · 2024
Employer contribution per active participant$2,134
Median for plans this size$1,313
2024$2,134 per active participant
2023$2,497 per active participant

K Health Inc.'s 2024 employer contribution ran above the $1,313 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
FIDELITY INVESTMENTS · Investment advisory (plan)$31,912
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$27,586
STRATEGIC ADVISORS LLC · Investment advisory (plan)$2,608

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

Administrative cost history2
2024$62,106 · 0.92%
2023$21,610 · 0.34%
Same employer
Similar plansHealth Care & Social Assistance · New York
The Wartburg Home NY$7.2M · 0.07%
O'Connor Hospital NY$7.2M · 0.71%
Mosaic Health NY$7.2M · 0.62%
Grow Care, Inc NY$7.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814173541 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.