Ablehearts Communications LLC D/B/A Ablehearts Consulting Services LLC 401(k) Review & Grade
Ablehearts Healthcare Foundation 401(k) Savings Plan
Tampa, FLHealth Care & Social Assistance626 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$864Employer $ per active participant
$1,600Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$7.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.6 / 5047th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 63th |
| Employee saving | 35th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ablehearts Communications LLC D/B/A Ablehearts Consulting Services put in about $864 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $541,341 |
| Participant (employee) contributions | $1,002,563 |
| Other contributions (incl. rollovers in) | $61,672 |
| Administrative expenses paid from the plan | $11,941 |
| Benefits paid out | $4,202,207 |
| Net assets, start / end of year | $8.7M / $7.2M |
| Active participants, start / end of year | 547 / 706 |
| Participants with account balances | 307 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $11,941 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015084450NAL0004102001001, received 2025-10-15, EIN 86-3108088, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.