Plan Ledger DOL Form 5500 · updated monthly

Wave Health Services, LLC401(k)

WAVE HEALTH SERVICES 401(K) PLAN · SAN ANTONIO, TX · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Wave Health Services, LLC reported $17,962 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $3,038 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Texas (4,360th of 5,688), and 4,119th of 5,215 in retail trade. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,801,556
Participants with balances124
Active participants93
Employer contributions$282,495
Employee contributions$250,470
Employer contribution per active participant$3,038
Average account balance$30,658
Benefits paid to participants$413,775
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,962
Total administrative$17,962
The Wave Health Services, LLC 401(k) match · 2024
Employer contribution per active participant$3,038
Median for plans this size$1,313

Wave Health Services, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
MERRILL LYNCH - EPS · Investment advisory (participants)$10,890
MERRILL LYNCH - FAS · Investment advisory (participants)$3,630

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

Administrative cost history1
2024$17,962 · 0.51%
Similar plansRetail Trade · Texas
Garlyn O. Shelton Inc. TX$3.9M · 0.01%
Cassity Jones, Inc. TX$3.8M · 0.53%
Rent-A-Tire, L.P. TX$3.8M · 1.54%
Keith Ace Hardware TX$3.8M · 0.07%
Mei Group LLC TX$3.6M · 1.51%
M.A.L. Enterprises, Inc. TX$3.6M · 1.80%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 452423108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.