Plan Ledger DOL Form 5500 · updated monthly

Sovereign Healthcare Holdings, LLC401(k)

SOVEREIGN HEALTHCARE 401(K) PLAN · CASSELBERRY, FL · plan year 2024

Reported admin expense ratio · 2024
0.45%

Sovereign Healthcare Holdings, LLC reported $134,545 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. 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 0.58% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 791st-largest of 3,644 plans among Florida employers on file, and the 2,687th of 11,911 in health care & social assistance. active participation has grown from 3,796 to 4,456 since 2022.

Plan summary
Net assets, end of year$31,187,779
Participants with balances726
Active participants4,456
Employer contributions—
Employee contributions$2,725,967
Employer contribution per active participant—
Average account balance$42,958
Benefits paid to participants$3,165,345
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.2M · 726 accts
2023$28.2M · 728 accts
2022$23.5M · 697 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,233
Investment management$30,000
Trustee / custodial$12,312
Total administrative$134,545
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
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$92,234
BKS FINANCIAL INVESTMENTS LLC · Pension consulting · Investment advisory (participants)$30,000
CHARLES SCHWAB BANK · Custodial (securities) · Trustee (directed)$12,312

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$134,545 · 0.45%
2023$138,869 · 0.54%
2022$151,488 · 0.58%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Dermcare Management, LLC FL$31.2M · 0.28%
Miami Jewish Health Systems FL$30.3M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200101170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.