Plan Ledger DOL Form 5500 · updated monthly

Staywell Health Care, Inc, D/B/A401(k)

STAYWELL HEALTH CENTER 401(K) PLAN · WATERBURY, CT · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Staywell Health Care, Inc, D/B/A reported $90,900 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $7,189 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 0.45% to 0.39%. 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 490th-largest of 1,106 plans among Connecticut employers on file, and the 3,175th of 11,911 in health care & social assistance. In 2024, the employer put in $1.49 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$24,766,076
Participants with balances307
Active participants234
Employer contributions$1,682,314
Employee contributions$1,131,900
Employer contribution per active participant$7,189
Average account balance$80,671
Benefits paid to participants$2,983,952
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 307 accts · $1.7M emplr
2023$22.0M · 298 accts · $1.7M emplr
2022$17.8M · 303 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,220
Investment management$45,680
Total administrative$90,900
The Staywell Health Care, Inc, D/B/A 401(k) match · 2024
Employer contribution per active participant$7,189
Median for plans this size$2,416
2024$7,189 per active participant
2023$7,895 per active participant
2022$7,089 per active participant

Staywell Health Care, Inc, D/B/A's 2024 employer contribution ran above the $2,416 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$45,680
ADP, INC. · Loan processing · Recordkeeping$45,220
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$90,900 · 0.39%
2023$78,062 · 0.39%
2022$71,988 · 0.45%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Optimus Health Care, Inc. CT$28.6M · 0.25%
Icare Management, LLC CT$23.7M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223160873 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.