Plan Ledger DOL Form 5500 · updated monthly

Ortho Benefits Corp401(k)

ORTHO 401(K) SOLUTIONS · PALM BEACH GARDENS, FL · plan year 2022

Reported admin expense ratio · 2022
0.43%

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

Ortho Benefits Corp reported $170,222 in plan administrative expenses for 2022: 0.43% of average plan assets, above the peer median. Employer contributions averaged $5,369 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 3 years on file its reported administrative ratio has held roughly steady near 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other other services employers. By assets it is the 680th-largest of 3,644 plans among Florida employers on file, and the 582nd of 3,341 in other services. In 2022, the employer put in $1.22 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$37,262,540
Participants with balances447
Active participants293
Employer contributions$1,573,011
Employee contributions$1,290,725
Employer contribution per active participant$5,369
Average account balance$83,361
Benefits paid to participants$1,449,984
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.5M · 323 accts · $621K emplr
2023$29.5M · 290 accts · $953K emplr
2022$37.3M · 447 accts · $1.6M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$170,222
Total administrative$170,222
The Ortho Benefits Corp 401(k) match · 2022
Employer contribution per active participant$5,369
Median for plans this size$2,266
2024$3,076 per active participant
2023$4,110 per active participant
2022$5,369 per active participant

Ortho Benefits Corp's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024EJ REYNOLDS, INC., Transamerica
2023EJ REYNOLDS, INC., Transamerica

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Administrative cost history3
2024$131,666 · 0.45%
2023$155,364 · 0.47%
2022$170,222 · 0.43%
All plans at this employer2
ORTHO 401(K) SOLUTIONS401(k)
PHYSICIANS 401(K) SOLUTIONS401(k)
Similar plansOther Services · Florida
Med-Lab Supply Co., Inc. FL$41.3M · 0.15%
Ecn (US) Holdings Corp FL$37.5M · 0.13%
One Spa World,Llc FL$35.9M · 0.40%
Power Services Group, Inc. FL$34.2M · 0.35%
All Points Logistics, LLC FL$32.3M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471797746 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.