Plan Ledger DOL Form 5500 · updated monthly

Kipu Health LLC401(k)

KIPU HEALTH 401K PLAN · CORAL GABLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Kipu Health LLC reported $69,771 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $4,187 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 0.88% to 0.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,656th-largest of 3,644 plans among Florida employers on file, and 8,261st of 13,661 in manufacturing. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 241 to 290 since 2022.

Plan summary
Net assets, end of year$11,275,491
Participants with balances318
Active participants290
Employer contributions$1,214,302
Employee contributions$2,210,245
Employer contribution per active participant$4,187
Average account balance$35,458
Benefits paid to participants$1,024,213
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 318 accts · $1.2M emplr
2023$7.5M · 232 accts · $695K emplr
2022$4.8M · 232 accts · $599K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,872
Investment management$22,899
Total administrative$69,771
The Kipu Health LLC 401(k) match · 2024
Employer contribution per active participant$4,187
Median for plans this size$1,313
2024$4,187 per active participant
2023$2,623 per active participant
2022$2,484 per active participant

Kipu Health LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$46,872
SECURITIES AMERICA ADVISORS, INC. · Investment advisory (plan)$22,899

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$69,771 · 0.74%
2023$42,948 · 0.70%
2022$35,153 · 0.88%
Similar plansManufacturing · Florida
Dayton-Granger Inc. FL$12.1M · 0.26%
Certus Pest, Inc. FL$11.2M · 0.87%
Performance Designs, Inc. FL$11.2M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810716811 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.