Plan Ledger DOL Form 5500 · updated monthly

Naphcare U.S., Inc.401(k)

NAPHCARE US INC. 401(K) PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Naphcare U.S., Inc. reported $179,692 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $270 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 0.26% to 0.33%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 121st-largest of 902 plans among Alabama employers on file, and the 1,583rd of 11,911 in health care & social assistance. In 2024, employees put in $6.99 for every $1.00 the employer contributed; active participation has grown from 4,003 to 6,214 since 2022.

Plan summary
Net assets, end of year$61,147,906
Participants with balances2,028
Active participants6,214
Employer contributions$1,679,312
Employee contributions$11,736,737
Employer contribution per active participant$270
Average account balance$30,152
Benefits paid to participants$5,825,675
Plan auditUnmodified (clean) audit opinion
AuditorHAYNES DOWNARD,LLP
Plan history3
Yearassets · accounts · employer contribution
2024$61.1M · 2,028 accts · $1.7M emplr
2023$46.2M · 1,664 accts · $1.4M emplr
2022$32.2M · 1,483 accts · $984K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,825
Investment management$55,867
Total administrative$179,692
The Naphcare U.S., Inc. 401(k) match · 2024
Employer contribution per active participant$270
Median for plans this size$3,635
2024$270 per active participant
2023$299 per active participant
2022$246 per active participant

Naphcare U.S., Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$146,515
COMMONWEALTH EQUITY SERVICES · Investment management$33,252

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$179,692 · 0.33%
2023$130,449 · 0.33%
2022$86,539 · 0.26%
Similar plansHealth Care & Social Assistance · Alabama
The Ssi Group, LLC. AL$69.1M · 0.01%
Oncology Specialties, P.C. AL$58.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631099646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.