Plan Ledger DOL Form 5500 · updated monthly

Able Body Homecare Agency of NProfit-sharing plan

ABLE BODY HOMECARE AGENCY OF N 401(K) PROFIT SHARING PLAN & TRUST · BRONX, NY · plan year 2023

Reported admin expense ratio · 2023
3.79%

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

Able Body Homecare Agency of N reported $25,872 in plan administrative expenses for 2023: 3.79% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 2.99% to 3.79%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,398th of 5,648), and 11,130th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$743,330
Participants with balances292
Active participants479
Employer contributions$0
Employee contributions$121,083
Employer contribution per active participant$0
Average account balance$2,546
Benefits paid to participants$75,360
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024—
2023$743K · 292 accts
2022$621K · 346 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,508
Investment management$3,504
Trustee / custodial$860
Total administrative$25,872
Employer contributions to the Able Body Homecare Agency of N plan · 2023
Employer contribution per active participant$0
Median for plans this size$522

Able Body Homecare Agency of N's 2023 employer contribution ran below the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PAYCHEX, INC. · Recordkeeping$18,153

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

Administrative cost history3
2024Not separately reported
2023$25,872 · 3.79%
2022$21,484 · 2.99%
Similar plansHealth Care & Social Assistance · New York
Elderchoice, Inc. NY$747K · 2.20%
Centercare Cdpas, LLC NY$659K · 7.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474116407 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.