Plan Ledger DOL Form 5500 · updated monthly

Savida Management, Inc.401(k)

SAVIDA 401K PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Savida Management, Inc. reported $23,265 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $3,119 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 0.59% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Tennessee (1,002nd of 1,496), and 7,252nd of 11,911 in health care & social assistance. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 151 to 196 since 2022.

Plan summary
Net assets, end of year$6,202,476
Participants with balances171
Active participants196
Employer contributions$611,279
Employee contributions$957,360
Employer contribution per active participant$3,119
Average account balance$36,272
Benefits paid to participants$868,291
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 171 accts · $611K emplr
2023$4.5M · 179 accts · $364K emplr
2022$2.8M · 130 accts · $252K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,265
Audit (IQPA)$15,000
Total administrative$23,265
The Savida Management, Inc. 401(k) match · 2024
Employer contribution per active participant$3,119
Median for plans this size$1,313
2024$3,119 per active participant
2023$1,604 per active participant
2022$1,667 per active participant

Savida Management, Inc.'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
ASCENSUS LLC · Recordkeeping$8,265
LBMC · Accounting / audit$15,000

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$23,265 · 0.43%
2023$15,494 · 0.42%
2022$15,775 · 0.59%
Similar plansHealth Care & Social Assistance · Tennessee
Hutsonwood, Inc. TN$7.0M · 0.16%
Porter-Leath TN$6.1M · 1.05%
Tgs Holdings, LLC TN$5.9M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 822335379 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.