Plan Ledger DOL Form 5500 · updated monthly

Sword Health Technologies, Inc.401(k)

SWORD HEALTH TECHNOLOGIES INC 401(K) PLAN · DRAPER, UT · plan year 2023

Reported admin expense ratio · 2023
0.98%

Sword Health Technologies, Inc. reported $43,702 in plan administrative expenses for 2023: 0.98% of average plan assets, higher than ~75% of peers. 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 rose from 0.71% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Utah (564th of 848), and 7,282nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$6,142,493
Participants with balances275
Active participants448
Employer contributions—
Employee contributions$2,511,157
Employer contribution per active participant—
Average account balance$22,336
Benefits paid to participants$479,842
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$6.1M · 275 accts
2022$2.8M · 190 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$43,702
Total administrative$43,702
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 · 20231
ADP, INC. · Loan processing · Recordkeeping$43,702

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

Administrative cost history2
2023$43,702 · 0.98%
2022$19,921 · 0.71%
Same employer
Similar plansHealth Care & Social Assistance · Utah
Heritage Schools, Inc. UT$7.7M · 0.57%
Utah Food Bank UT$5.7M · 0.72%
Regents Management LLC UT$5.6M · 0.85%
Impact Healthcare, LLC UT$5.6M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834333673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.