Plan Ledger DOL Form 5500 · updated monthly

Strategic Health Partners, Inc.401(k)

STRATEGIC HEALTH PARTNERS, INC. 401(K) PLAN · KENNESAW, GA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Strategic Health Partners, Inc. reported $30,188 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $9,591 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 rose from 0.01% to 0.14%. 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 776th-largest of 2,160 plans among Georgia employers on file, and the 3,241st of 11,911 in health care & social assistance. In 2024, employees put in $1.53 for every $1.00 the employer contributed; active participation has grown from 119 to 134 since 2022.

Plan summary
Net assets, end of year$24,114,067
Participants with balances152
Active participants134
Employer contributions$1,285,171
Employee contributions$1,971,918
Employer contribution per active participant$9,591
Average account balance$158,645
Benefits paid to participants$1,949,955
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.1M · 152 accts · $1.3M emplr
2023$19.4M · 149 accts · $1.1M emplr
2022$12.5M · 169 accts · $846K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,188
Total administrative$30,188
The Strategic Health Partners, Inc. 401(k) match · 2024
Employer contribution per active participant$9,591
Median for plans this size$2,416
2024$9,591 per active participant
2023$9,601 per active participant
2022$7,110 per active participant

Strategic Health Partners, Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,188
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$30,188 · 0.14%
2023$23,110 · 0.15%
2022$635 · 0.01%
All plans at this employer2
STRATEGIC HEALTH PARTNERS, INC. 401(K) PLAN401(k)
STRATEGIC HEALTH PARTNERS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 883975274 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.