The Healing Place401(k)
THE HEALING PLACE 401(K) PLAN · LOUISVILLE, KY · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
The Healing Place reported $5,625 in plan administrative expenses for 2024: 0.70% of average plan assets, below the peer median. Employer contributions averaged $1,188 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 0.34% to 0.70%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kentucky (833rd of 871), and 11,046th of 11,911 in health care & social assistance. In 2024, employees put in $1.41 for every $1.00 the employer contributed.
The Healing Place's 2024 employer contribution ran above the $540 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 611164775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.