Plan Ledger DOL Form 5500 · updated monthly

Simple Health, Inc.401(k)

SIMPLE HEALTH, INC. 401(K) PLAN · NEW YORK, NY · plan year 2022

Reported admin expense ratio · 2022
0.81%

Simple Health, Inc. reported $15,256 in plan administrative expenses for 2022: 0.81% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (5,168th of 5,648), and 4,713th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,822,505
Participants with balances191
Active participants48
Employer contributions—
Employee contributions$528,087
Employer contribution per active participant—
Average account balance$9,542
Benefits paid to participants$356,044
Plan auditUnmodified (clean) audit opinion
AuditorMAZARS USA LLP
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$1.8M · 191 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,902
Investment management$9,354
Total administrative$15,256
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.

Administrative cost history2
2023Not separately reported
2022$15,256 · 0.81%
Similar plansRetail Trade · New York
Scotch & Soda, LLC NY$1.9M · 0.09%
Dii Enterprises, LLC NY$1.9M · 1.04%
Dylans Candy Bar, LLC NY$1.8M · 0.45%
Awi USA LLC NY$1.7M · 2.12%
Trendly, Inc. NY$1.7M · 0.24%
Bread Alone Inc. NY$1.6M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475455175 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.