Plan Ledger DOL Form 5500 · updated monthly

Wellpath Holdings, Inc.401(k)

WELLPATH 401(K) PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Wellpath Holdings, Inc. reported $761,461 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $470 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 0.25% to 0.28%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 76th-largest of 1,496 plans among Tennessee employers on file, and the 514th of 11,911 in health care & social assistance. In 2024, employees put in $7.55 for every $1.00 the employer contributed; active participation has grown from 11,221 to 12,377 since 2022.

Plan summary
Net assets, end of year$285,754,437
Participants with balances11,907
Active participants12,377
Employer contributions$5,821,772
Employee contributions$43,952,134
Employer contribution per active participant$470
Average account balance$23,999
Benefits paid to participants$55,400,650
Plan auditUnmodified (clean) audit opinion
AuditorLBMC
Plan history3
Yearassets · accounts · employer contribution
2024$285.8M · 11,907 accts · $5.8M emplr
2023$255.9M · 12,068 accts · $3.3M emplr
2022$210.4M · 12,125 accts · $8.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$665,548
Investment management$24,163
Audit (IQPA)$17,000
Total administrative$761,461
The Wellpath Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$470
Median for plans this size$4,294
2024$470 per active participant
2023$232 per active participant
2022$771 per active participant

Wellpath Holdings, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$665,548
CREATIVE PLANNING · Consulting$52,500
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$24,163
LBMC · Accounting / audit$17,000

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$761,461 · 0.28%
2023$784,446 · 0.34%
2022$547,922 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · Tennessee
National Health Corporation TN$325.3M · 0.07%
Surgery Partners, Inc. TN$314.9M · 0.20%
Qhccs, LLC TN$285.6M · 0.15%
Specialtycare, Inc. TN$241.4M · 0.12%
Erlanger Health System TN$237.0M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831316669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.