Plan Ledger DOL Form 5500 · updated monthly

Wellspace Health401(k)

WELLSPACE HEALTH 401(K) RETIREMENT SAVINGS PLAN · SACRAMENTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Wellspace Health reported $96,354 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,154 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 0.38% to 0.41%. 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 2,975th-largest of 9,483 plans among California employers on file, and the 3,049th of 11,911 in health care & social assistance. In 2024, employees put in $4.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,311,293
Participants with balances895
Active participants872
Employer contributions$1,006,503
Employee contributions$4,025,930
Employer contribution per active participant$1,154
Average account balance$29,398
Benefits paid to participants$1,964,822
Plan auditUnmodified (clean) audit opinion
AuditorBFBA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.3M · 895 accts · $1.0M emplr
2023$20.2M · 911 accts · $804K emplr
2022$14.8M · 750 accts · $653K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,550
Investment management$52,804
Total administrative$96,354
The Wellspace Health 401(k) match · 2024
Employer contribution per active participant$1,154
Median for plans this size$2,416
2024$1,154 per active participant
2023$793 per active participant
2022$800 per active participant

Wellspace Health'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 · 20244
ADP, INC. · Loan processing · Recordkeeping$43,549
GALLAGHER BENEFIT SERVICES · Recordkeeping · Trustee$27,755
THE L. WARNER COMPANIES, INC · Recordkeeping · Trustee$21,835
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, GALLAGHER BENEFIT SERVICES, THE L. WARNER COMPANIES, INC
2023ADP, GALLAGHER BENEFIT SERVICES, WELLSPACE HEALTH

This plan has changed recordkeepers within these filings. If you left Wellspace Health before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$96,354 · 0.41%
2023$69,861 · 0.40%
2022$56,502 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · California
Orohealth Corporation CA$26.5M · 1.04%
Samgi CA$26.3M · 0.33%
Arch Health Partners CA$26.3M · 0.58%
Catalight Foundation CA$26.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941713704 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.