Plan Ledger DOL Form 5500 · updated monthly

Southern New England Healthcare Organization, Inc. dba Sone Health401(k)

SOUTHERN NEW ENGLAND HEALTHCARE ORGANIZATION, INC. 401(K) PLAN · HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Southern New England Healthcare Organization, Inc. dba Sone Health reported $45,459 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $8,129 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 0.71% to 0.66%. 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 Connecticut (833rd of 1,106), and 6,730th of 11,911 in health care & social assistance. In 2024, employees put in $1.05 for every $1.00 the employer contributed; active participation has shrunk from 90 to 73 since 2022.

Plan summary
Net assets, end of year$7,308,542
Participants with balances121
Active participants73
Employer contributions$593,438
Employee contributions$624,001
Employer contribution per active participant$8,129
Average account balance$60,401
Benefits paid to participants$1,104,600
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 121 accts · $593K emplr
2023$6.4M · 129 accts · $639K emplr
2022$6.2M · 132 accts · $575K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,459
Total administrative$45,459
The Southern New England Healthcare Organization, Inc. dba Sone Health 401(k) match · 2024
Employer contribution per active participant$8,129
Median for plans this size$1,313
2024$8,129 per active participant
2023$6,652 per active participant
2022$6,388 per active participant

Southern New England Healthcare Organization, Inc. dba Sone Health'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 · 20243
PASI, LLC · Contract administrator$5,576
MMLISindirect 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$45,459 · 0.66%
2023$50,879 · 0.81%
2022$45,234 · 0.71%
Similar plansHealth Care & Social Assistance · Connecticut
Community Options, Inc. CT$7.8M · 0.37%
Marc, Inc. of Manchester CT$7.8M · 1.01%
Kids in Crisis CT$7.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061391257 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.