Plan Ledger DOL Form 5500 · updated monthly

Southern Health Partners401(k)

SOUTHERN HEALTH PARTNERS, INC. 401(K) PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
1.67%

Southern Health Partners reported $120,950 in plan administrative expenses for 2024: 1.67% of average plan assets, higher than ~90% 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.

Across the 2 years on file its reported administrative ratio rose from 1.27% to 1.67%. 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 (926th of 1,496), and 6,565th of 11,911 in health care & social assistance. active participation has grown from 478 to 986 since 2022.

Plan summary
Net assets, end of year$7,720,278
Participants with balances690
Active participants986
Employer contributions—
Employee contributions$1,574,577
Employer contribution per active participant—
Average account balance$11,189
Benefits paid to participants$1,315,312
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 690 accts
2023$6.8M · 796 accts
2022$5.5M · 717 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$120,950
Total administrative$120,950
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
RAYMOND JAMES INSURANCE GROUP INC · Investment advisory (participants)$39,015
ERISA SERVICES, INC · Other services$7,035

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$120,950 · 1.67%
2023$76,846 · 1.25%
2022$63,713 · 1.27%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Artemis Healthcare, Inc. TN$8.3M · 0.70%
Blood Assurance, Inc. TN$7.9M · 0.35%
Buffalo Valley, Inc. TN$7.6M · 0.91%
Diversified Health Care TN$7.4M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631130536 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.