Plan Ledger DOL Form 5500 · updated monthly

Wound Care Specialists LLC401(k)

WOUND CARE SPECIALISTS 401(K) PLAN · PLEASANT GROVE, UT · plan year 2023

Reported admin expense ratio · 2023
0.13%

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

Wound Care Specialists LLC reported $1,584 in plan administrative expenses for 2023: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,475 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 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Utah (754th of 848), and 10,099th of 11,911 in health care & social assistance. In 2023, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,950,162
Participants with balances244
Active participants201
Employer contributions$497,465
Employee contributions$838,091
Employer contribution per active participant$2,475
Average account balance$7,992
Benefits paid to participants$87,031
Plan auditUnmodified (clean) audit opinion
AuditorJONES SIMKINS
Plan history2
Yearassets · accounts · employer contribution
2024$0 · $637K emplr
2023$2.0M · 244 accts · $497K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$788
Investment management$796
Total administrative$1,584
The Wound Care Specialists LLC 401(k) match · 2023
Employer contribution per active participant$2,475
Median for plans this size$1,308

Wound Care Specialists LLC'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.

Administrative cost history2
2024Not separately reported
2023$1,584 · 0.13%
Same employer
Similar plansHealth Care & Social Assistance · Utah
Wellquest Living, LLC UT$2.2M · 0.31%
Eluma, LLC UT$2.1M · 0.71%
Cpf Recovery Ways, LLC UT$1.7M · 1.29%
Home Care Management, LLC UT$1.6M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844835650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.