Plan Ledger DOL Form 5500 · updated monthly

Nazareth Home, Inc.401(k)

NAZARETH HOME, INC. 401(K) PLAN · LOUSIVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Nazareth Home, Inc. reported $25,341 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. Employer contributions averaged $634 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 0.30%. 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 Kentucky (506th of 871), and 6,064th of 11,911 in health care & social assistance. In 2024, employees put in $2.60 for every $1.00 the employer contributed; active participation has grown from 293 to 371 since 2022.

Plan summary
Net assets, end of year$8,992,041
Participants with balances215
Active participants371
Employer contributions$235,092
Employee contributions$610,349
Employer contribution per active participant$634
Average account balance$41,823
Benefits paid to participants$572,985
Plan auditUnmodified (clean) audit opinion
AuditorJONES NALE AND MATTINGLY
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 215 accts · $235K emplr
2023$7.7M · 234 accts · $244K emplr
2022$6.8M · 222 accts · $212K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,341
Total administrative$25,341
The Nazareth Home, Inc. 401(k) match · 2024
Employer contribution per active participant$634
Median for plans this size$1,313
2024$634 per active participant
2023$692 per active participant
2022$723 per active participant

Nazareth Home, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$73,060

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$25,341 · 0.30%
2023$22,731 · 0.31%
2022$19,317 · 0.26%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Learning Grove, Inc. KY$10.4M · 0.08%
Maryhurst, Inc. KY$8.9M · 0.08%
Sterling Health Care KY$8.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452966131 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.