Plan Ledger DOL Form 5500 · updated monthly

Turningpoint Healthcare Solutions, LLC401(k)

TURNINGPOINT HEALTHCARE SOLUTIONS, LLC 401(K) PLAN · LAKE MARY, FL · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Turningpoint Healthcare Solutions, LLC reported $29,744 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $1,934 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 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (2,217th of 3,644), and 4,312th of 4,798 in finance & insurance. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,646,913
Participants with balances255
Active participants385
Employer contributions$744,507
Employee contributions$1,384,676
Employer contribution per active participant$1,934
Average account balance$26,066
Benefits paid to participants$629,460
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH + BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 255 accts · $745K emplr
2023$3.9M · 229 accts · $717K emplr
2022$1.6M · 176 accts · $406K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,744
Total administrative$29,744
The Turningpoint Healthcare Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$1,934
Median for plans this size$1,313
2024$1,934 per active participant
2023$1,780 per active participant
2022$1,051 per active participant

Turningpoint Healthcare Solutions, LLC's 2024 employer contribution ran above the $1,313 median for plans its size. 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
CAPITAL GROUP RETIREMENT$17,657
DYATECH · Investment advisory (plan) · Contract administrator$10,955
SYNOVUS SECURITIES INC · Investment advisory (plan)$3,871

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$29,744 · 0.56%
2023$19,890 · 0.73%
2022$3,752 · 0.34%
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Source: U.S. Department of Labor, Form 5500 series, EIN 464787338 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.