Plan Ledger DOL Form 5500 · updated monthly

Next Move Healthcare, Inc.401(k)

NEXT MOVE 401(K) PLAN · KANSAS CITY, MO · plan year 2023

Reported admin expense ratio · 2023
2.19%

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

Next Move Healthcare, Inc. reported $78,765 in plan administrative expenses for 2023: 2.19% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,706 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 2.15% to 1.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Missouri (1,139th of 1,393), and 1,592nd of 2,534 in administrative & support services. In 2023, employees put in $1.22 for every $1.00 the employer contributed; active participation has shrunk from 286 to 162 since 2022.

Plan summary
Net assets, end of year$3,966,458
Participants with balances347
Active participants162
Employer contributions$762,361
Employee contributions$931,763
Employer contribution per active participant$4,706
Average account balance$11,431
Benefits paid to participants$1,550,699
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 237 accts · $280K emplr
2023$4.0M · 347 accts · $762K emplr
2022$3.2M · 433 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$78,765
Total administrative$78,765
The Next Move Healthcare, Inc. 401(k) match · 2023
Employer contribution per active participant$4,706
Median for plans this size$1,308
2024$3,337 per active participant
2023$4,706 per active participant
2022$3,888 per active participant

Next Move Healthcare, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$78,765
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$71,380 · 1.85%
2023$78,765 · 2.19%
2022$53,463 · 2.15%
Similar plansAdministrative & Support Services · Missouri
Pestco, LLC MO$6.1M · 0.36%
Clean-Tech Company MO$2.1M · 2.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833305469 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.