Plan Ledger DOL Form 5500 · updated monthly

Management Health Systems, LLC401(k)

MANAGEMENT HEALTH SYSTEMS, LLC 401(K) PLAN · SUNRISE, FL · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Management Health Systems, LLC reported $133,034 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $285 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 0.86% to 0.70%. 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 1,070th-largest of 3,644 plans among Florida employers on file, and the 580th of 2,534 in administrative & support services. In 2024, employees put in $5.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,483,400
Participants with balances1,390
Active participants3,274
Employer contributions$932,188
Employee contributions$4,969,827
Employer contribution per active participant$285
Average account balance$15,456
Benefits paid to participants$3,510,303
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 1,390 accts · $932K emplr
2023$16.5M · 1,210 accts · $725K emplr
2022$11.4M · 913 accts · $737K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,019
Investment management$53,015
Total administrative$133,034
The Management Health Systems, LLC 401(k) match · 2024
Employer contribution per active participant$285
Median for plans this size$2,416
2024$285 per active participant
2023$278 per active participant
2022$228 per active participant

Management Health Systems, 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 · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$80,019
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$41,736
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)$11,280

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$133,034 · 0.70%
2023$106,323 · 0.76%
2022$94,732 · 0.86%
Same employer
Similar plansAdministrative & Support Services · Florida
The Csi Companies, Inc. FL$24.6M · 0.96%
PSC Custom LP FL$22.1M · 0.00%
Himagine Solutions, Inc. FL$19.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582297524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.