Plan Ledger DOL Form 5500 · updated monthly

Scioinspire, Corp. dba Scio Health Analytics401(k)

SCIO HEALTH ANALYTICS 401(K) SAVINGS PLAN · JERSEY CITY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Scioinspire, Corp. dba Scio Health Analytics reported $316 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,974 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 0.09% to 0.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 981st-largest of 2,419 plans among New Jersey employers on file, and 2,803rd of 4,798 in finance & insurance. In 2024, employees put in $3.62 for every $1.00 the employer contributed; active participation has shrunk from 248 to 211 since 2022.

Plan summary
Net assets, end of year$23,274,259
Participants with balances236
Active participants211
Employer contributions$416,506
Employee contributions$1,506,596
Employer contribution per active participant$1,974
Average account balance$98,620
Benefits paid to participants$2,089,704
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.3M · 236 accts · $417K emplr
2023$20.7M · 254 accts · $415K emplr
2022$17.6M · 285 accts · $421K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$13,950
Total administrative$316
The Scioinspire, Corp. dba Scio Health Analytics 401(k) match · 2024
Employer contribution per active participant$1,974
Median for plans this size$2,416
2024$1,974 per active participant
2023$1,929 per active participant
2022$1,697 per active participant

Scioinspire, Corp. dba Scio Health Analytics'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 · 20242
WIPFLI LLP · Accounting / audit$13,950
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024$316 · 0.00%
2023$16,529 · 0.09%
2022$16,623 · 0.09%
Similar plansFinance & Insurance · New Jersey
Haven Savings Bank NJ$25.1M · 0.02%
Unity Bank NJ$25.0M · 0.23%
Readycap Commercial, LLC NJ$23.8M · 0.42%
Overland Solutions, Inc. NJ$23.2M · 0.09%
Summit Financial, LLC NJ$23.0M · 0.02%
Nj Lenders Corp. NJ$22.8M · 0.31%
Bcb Community Bank NJ$21.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260185383 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.