Plan Ledger DOL Form 5500 · updated monthly

Motivhealth Insurance Company401(k)

HEALTHEQUITY RETIREMENT SERVICES PLAN-MOTIVHEALTH INSURANCE COMPANY · SOUTH JORDAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Motivhealth Insurance Company reported $21,842 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $2,051 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 0.69% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Utah (611th of 848), and 4,457th of 4,798 in finance & insurance. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 143 to 198 since 2022.

Plan summary
Net assets, end of year$4,893,868
Participants with balances224
Active participants198
Employer contributions$406,115
Employee contributions$747,031
Employer contribution per active participant$2,051
Average account balance$21,848
Benefits paid to participants$505,506
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 224 accts · $406K emplr
2023$3.8M · 213 accts · $349K emplr
2022$2.8M · 157 accts · $291K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,229
Investment management$840
Trustee / custodial$773
Total administrative$21,842
The Motivhealth Insurance Company 401(k) match · 2024
Employer contribution per active participant$2,051
Median for plans this size$1,313
2024$2,051 per active participant
2023$1,877 per active participant
2022$2,034 per active participant

Motivhealth Insurance Company'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
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$9,735
HEALTHEQUITY RETIREMENT SERVICES, L · Claims processing · Plan administrator$10,495
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$773

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$21,842 · 0.50%
2023$21,192 · 0.65%
2022$18,665 · 0.69%
Same employer
Similar plansFinance & Insurance · Utah
Foursight Capital, LLC UT$9.2M · 0.65%
Capital Community Bank UT$8.0M · 0.57%
Atomic Fi Inc UT$3.4M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 473906935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.