Plan Ledger DOL Form 5500 · updated monthly

Ability Homecare, Inc. dba Ability Homecare401(k)

ABILITY HOMECARE 401(K) PLAN · SAN ANTONIO, TX · plan year 2024

Reported admin expense ratio · 2024
1.08%

Ability Homecare, Inc. dba Ability Homecare reported $39,355 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~75% of peers. 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 0.49% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (4,399th of 5,688), and 8,785th of 11,911 in health care & social assistance. active participation has grown from 206 to 233 since 2022.

Plan summary
Net assets, end of year$3,666,890
Participants with balances158
Active participants233
Employer contributions—
Employee contributions$321,244
Employer contribution per active participant—
Average account balance$23,208
Benefits paid to participants$787,128
Plan auditUnmodified (clean) audit opinion
AuditorADKF, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 158 accts
2023$3.6M · 193 accts
2022$3.3M · 242 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,394
Investment management$8,961
Total administrative$39,355
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 · 20241
VESTWELL · Contract administrator · Investment advisory (plan)$30,394

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$39,355 · 1.08%
2023$28,797 · 0.83%
2022$17,715 · 0.49%
Similar plansHealth Care & Social Assistance · Texas
Caraday Healthcare, LLC TX$3.7M · 1.94%
Burmont, Inc. TX$3.6M · 1.35%
Everiz Management, LLC TX$3.5M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202752164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.