Plan Ledger DOL Form 5500 · updated monthly

Specialtycare, Inc.401(k)

SPECIALTYCARE 401(K) PLAN · BRENTWOOD, TN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Specialtycare, Inc. reported $283,358 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $2,516 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 0.15% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 81st-largest of 1,496 plans among Tennessee employers on file, and the 563rd of 11,911 in health care & social assistance. In 2024, employees put in $3.16 for every $1.00 the employer contributed; active participation has grown from 1,821 to 2,030 since 2022.

Plan summary
Net assets, end of year$241,369,524
Participants with balances2,457
Active participants2,030
Employer contributions$5,108,045
Employee contributions$16,157,819
Employer contribution per active participant$2,516
Average account balance$98,237
Benefits paid to participants$27,931,102
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$241.4M · 2,457 accts · $5.1M emplr
2023$215.5M · 2,377 accts · $5.1M emplr
2022$175.8M · 2,324 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$134,242
Investment management$87,116
Audit (IQPA)$16,000
Total administrative$283,358
The Specialtycare, Inc. 401(k) match · 2024
Employer contribution per active participant$2,516
Median for plans this size$3,635
2024$2,516 per active participant
2023$2,808 per active participant
2022$2,796 per active participant

Specialtycare, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$134,242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$87,116
MMA SECURITIES LLC · Investment advisory (plan)$46,000
LBMC,PC · Accounting / audit$16,000

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$283,358 · 0.12%
2023$271,995 · 0.14%
2022$282,413 · 0.15%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Surgery Partners, Inc. TN$314.9M · 0.20%
Wellpath Holdings, Inc. TN$285.8M · 0.28%
Qhccs, LLC TN$285.6M · 0.15%
Erlanger Health System TN$237.0M · 0.07%
Amsurg, LLC TN$225.8M · 0.10%
Phymed Management, LLC TN$203.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208825842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.