Plan Ledger DOL Form 5500 · updated monthly

Restorixhealth401(k)

RESTORIXHEALTH 401(K) PLAN · METAIRIE, LA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Restorixhealth reported $294,159 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,954 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 0.71% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 124th-largest of 884 plans among Louisiana employers on file, and the 1,925th of 11,911 in health care & social assistance. In 2024, employees put in $2.59 for every $1.00 the employer contributed; active participation has shrunk from 1,360 to 999 since 2022.

Plan summary
Net assets, end of year$48,039,172
Participants with balances1,444
Active participants999
Employer contributions$1,952,017
Employee contributions$5,063,238
Employer contribution per active participant$1,954
Average account balance$33,268
Benefits paid to participants$13,322,954
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$48.0M · 1,444 accts · $2.0M emplr
2023$48.0M · 1,556 accts · $2.2M emplr
2022$41.5M · 1,515 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$215,684
Investment management$47,500
Audit (IQPA)$30,975
Total administrative$294,159
The Restorixhealth 401(k) match · 2024
Employer contribution per active participant$1,954
Median for plans this size$2,416
2024$1,954 per active participant
2023$1,715 per active participant
2022$1,592 per active participant

Restorixhealth's 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$186,352
THE MANDMARBLESTONE GROUP LLC · Pension consulting · Other services$47,500
VALLEY FORGE INVESTMENT CONSUL · Investment advisory (participants)$47,500
RSM US LLP · Accounting / audit$30,975

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

Recordkeeper by year2
2024John Hancock, THE MANDMARBLESTONE GROUP LLC
2023John Hancock, THE MANDMARBLESTONE GROUP LLC

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

Administrative cost history3
2024$294,159 · 0.61%
2023$320,741 · 0.72%
2022$238,915 · 0.71%
Same employer
Similar plansHealth Care & Social Assistance · Louisiana

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Source: U.S. Department of Labor, Form 5500 series, EIN 223583662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.