Plan Ledger DOL Form 5500 · updated monthly

Springstone Health Opco LLC401(k)

SPRINGSTONE 401(K) PLAN · LOUISVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
0.28%

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

Springstone Health Opco LLC reported $115,470 in plan administrative expenses for 2023: 0.28% of average plan assets, above the peer median. Employer contributions averaged $481 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 1 year on file its reported administrative ratio fell from 0.35% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 149th-largest of 871 plans among Kentucky employers on file, and the 1,976th of 11,911 in health care & social assistance. In 2023, employees put in $5.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,964,542
Participants with balances2,130
Active participants3,388
Employer contributions$1,629,301
Employee contributions$8,477,774
Employer contribution per active participant$481
Average account balance$22,049
Benefits paid to participants$7,702,408
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1.6M emplr
2023$47.0M · 2,130 accts · $1.6M emplr
2022$36.6M · 2,159 accts · $1.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$64,393
Investment management$51,077
Total administrative$115,470
The Springstone Health Opco LLC 401(k) match · 2023
Employer contribution per active participant$481
Median for plans this size$2,440
2023$481 per active participant
2022$428 per active participant

Springstone Health Opco LLC's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$64,393
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$51,077

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

Administrative cost history3
2024Not separately reported
2023$115,470 · 0.28%
2022$133,862 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · Kentucky
Hosparus, Inc. KY$53.2M · 0.41%
Seven Counties Services KY$50.5M · 0.30%
Associates in Dermatology KY$47.0M · 0.01%
Dismas Charities, Inc. KY$43.4M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272975073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.