Plan Ledger DOL Form 5500 · updated monthly

Advanced Home Care, LLC401(k)

SINCERE CARE AGENCY 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
15.46%

Advanced Home Care, LLC reported $63,277 in plan administrative expenses for 2024: 15.46% of average plan assets, higher than ~90% 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 1 year on file its reported administrative ratio rose from 3.06% to 15.46%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,427th of 5,648), and 11,254th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$619,167
Participants with balances499
Active participants1,010
Employer contributions—
Employee contributions$461,455
Employer contribution per active participant—
Average account balance$1,241
Benefits paid to participants$16,166
Plan auditUnmodified (clean) audit opinion
AuditorTRAILBREAKER ACCOUNTING
Plan history2
Yearassets · accounts · employer contribution
2024$619K · 499 accts
2023$199K · 491 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,527
Investment management$9,750
Total administrative$63,277
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 · 20242
ADP, INC. · Recordkeeping$53,527
COOPER SAVAS LLC · Recordkeeping · Pension consulting$9,750

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, COOPER SAVAS LLC
2023ADP

This plan has changed recordkeepers within these filings. If you left Advanced Home Care, LLC 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 history2
2024$63,277 · 15.46%
2023$6,102 · 3.06%
Similar plansHealth Care & Social Assistance · New York
Centercare Cdpas, LLC NY$659K · 7.40%
Helping U Homecare, Inc. NY$648K · 17.15%
Angel Care, Inc. NY$630K · 4.74%
Manhattan Home Care, LTD NY$615K · 5.03%
Areba Casriel, Inc. NY$595K · 0.14%
Bethel Methodist Home NY$586K · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273220553 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.