Plan Ledger DOL Form 5500 · updated monthly

Nhp Innovations, LLC401(k)

MERCOLA GROUP OF COMPANIES 401(K) PLAN · CAPE CORAL, FL · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Nhp Innovations, LLC reported $31,409 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $2,352 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 0.61% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (2,289th of 3,644), and 3,443rd of 5,215 in retail trade. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,206,337
Participants with balances176
Active participants138
Employer contributions$324,571
Employee contributions$649,564
Employer contribution per active participant$2,352
Average account balance$35,263
Benefits paid to participants$1,809,457
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 176 accts · $325K emplr
2023$6.2M · 167 accts · $303K emplr
2022$5.6M · 180 accts · $259K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,333
Investment management$14,244
Trustee / custodial$1,832
Total administrative$31,409
The Nhp Innovations, LLC 401(k) match · 2024
Employer contribution per active participant$2,352
Median for plans this size$1,313
2024$2,352 per active participant
2023$2,327 per active participant
2022$1,850 per active participant

Nhp Innovations, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NEWPORT GROUP, INC. · Recordkeeping$15,333
ROTHSCHILD INVESTMENT CORPORATION · Investment advisory (plan)$14,244

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$31,409 · 0.51%
2023$38,421 · 0.65%
2022$35,477 · 0.61%
Same employer
Similar plansRetail Trade · Florida
Ml Automotive Group LLC FL$6.3M · 0.24%
Murphy Auto Group, Inc. FL$6.0M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833096874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.