Plan Ledger DOL Form 5500 · updated monthly

Sanitas USA, Inc.401(k)

SANITAS USA, INC. 401(K) PLAN · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Sanitas USA, Inc. reported $116,455 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $452 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 1 year on file its reported administrative ratio rose from 0.58% to 0.65%. 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 1,069th-largest of 3,644 plans among Florida employers on file, and the 3,497th of 11,911 in health care & social assistance. In 2024, employees put in $6.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,502,464
Participants with balances2,484
Active participants2,102
Employer contributions$950,981
Employee contributions$5,821,321
Employer contribution per active participant$452
Average account balance$8,656
Benefits paid to participants$2,913,423
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$21.5M · 2,484 accts · $951K emplr
2023$14.5M · 2,209 accts · $763K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,455
Total administrative$116,455
The Sanitas USA, Inc. 401(k) match · 2024
Employer contribution per active participant$452
Median for plans this size$2,416
2024$452 per active participant
2023$354 per active participant

Sanitas USA, Inc.'s 2024 employer contribution ran below the $2,416 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$49,229

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

Recordkeeper by year2
2024Bank of America / Merrill
2023ADP, Bank of America / Merrill

This plan has changed recordkeepers within these filings. If you left Sanitas USA, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$116,455 · 0.65%
2023$65,039 · 0.58%
Similar plansHealth Care & Social Assistance · Florida
Forkidcare, LLC FL$22.3M · 0.20%
Monte Nido & Affiliates FL$20.3M · 0.75%
Magruder Eye Institute FL$20.2M · 0.26%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383936748 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.