Plan Ledger DOL Form 5500 · updated monthly

Traditions Health, LLC401(k)

TRADITIONS HEALTH, LLC 401(K) PLAN · FRANKLIN, TN · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Traditions Health, LLC reported $191,476 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $574 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 0.75% to 0.64%. 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 402nd-largest of 1,496 plans among Tennessee employers on file, and the 2,699th of 11,911 in health care & social assistance. In 2024, employees put in $3.70 for every $1.00 the employer contributed; active participation has shrunk from 2,909 to 2,199 since 2022.

Plan summary
Net assets, end of year$31,035,635
Participants with balances1,277
Active participants2,199
Employer contributions$1,262,036
Employee contributions$4,671,054
Employer contribution per active participant$574
Average account balance$24,304
Benefits paid to participants$7,718,299
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.0M · 1,277 accts · $1.3M emplr
2023$28.5M · 1,401 accts · $1.4M emplr
2022$22.5M · 1,470 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$191,476
Total administrative$191,476
The Traditions Health, LLC 401(k) match · 2024
Employer contribution per active participant$574
Median for plans this size$2,416
2024$574 per active participant
2023$586 per active participant
2022$423 per active participant

Traditions Health, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
PRINCIPAL LIFE INSUARANCE COMPANY · Contract administrator · Loan processing$174,378
ALLIANCE BENEFIT GROUP OF HOUSTON · Contract administrator · Other services$17,105
NORTHWESTERN MUTUAL INVESTMENT SERV · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp
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$191,476 · 0.64%
2023$191,277 · 0.75%
2022$128,729 · 0.75%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
Sp Practice Management, LLC TN$31.8M · 0.15%
Qualderm Partners, LLC TN$30.6M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 451744136 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.