Plan Ledger DOL Form 5500 · updated monthly

Vault Health, Inc401(k)

VAULT HEALTH, INC 401(K) PLAN · CORAL GABLES, FL · plan year 2023

Reported admin expense ratio · 2023
0.61%

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

Vault Health, Inc reported $40,210 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. Employer contributions averaged $106,256 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 1 year on file its reported administrative ratio fell from 0.74% to 0.61%. 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 Florida (2,180th of 3,644), and 6,933rd of 11,911 in health care & social assistance. In 2023, employees put in $2.00 for every $1.00 the employer contributed; active participation has shrunk from 304 to 6 since 2022.

Plan summary
Net assets, end of year$6,864,549
Participants with balances307
Active participants6
Employer contributions$637,533
Employee contributions$1,275,372
Employer contribution per active participant$106,256
Average account balance$22,360
Benefits paid to participants$2,762,459
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $34K emplr
2023$6.9M · 307 accts · $638K emplr
2022$6.3M · 390 accts · $1.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$40,210
Total administrative$40,210
The Vault Health, Inc 401(k) match · 2023
Employer contribution per active participant$106,256
Median for plans this size$1,308
2023$106,256 per active participant
2022$5,196 per active participant

Vault Health, Inc's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$40,210

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

Administrative cost history3
2024Not separately reported
2023$40,210 · 0.61%
2022$46,759 · 0.74%
Same employer
Similar plansHealth Care & Social Assistance · Florida
American Care Inc. FL$6.8M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831631278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.