Plan Ledger DOL Form 5500 · updated monthly

Americares Foundation, Inc.401(k)

AMERICARES FOUNDATION, INC DISCRETIONARY CONTRIBUTION PLAN · STAMFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Americares Foundation, Inc. reported $121,117 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $5,803 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 2 years on file its reported administrative ratio fell from 0.43% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 363rd-largest of 1,106 plans among Connecticut employers on file, and the 2,380th of 11,911 in health care & social assistance. In 2024, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,914,875
Participants with balances378
Active participants277
Employer contributions$1,607,346
Employee contributions$2,453,338
Employer contribution per active participant$5,803
Average account balance$97,658
Benefits paid to participants$2,790,968
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.9M · 378 accts · $1.6M emplr
2023$31.7M · 394 accts · $1.5M emplr
2022$26.8M · 377 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,893
Investment management$79,224
Total administrative$121,117
The Americares Foundation, Inc. 401(k) match · 2024
Employer contribution per active participant$5,803
Median for plans this size$2,416
2024$5,803 per active participant
2023$5,140 per active participant
2022$4,891 per active participant

Americares Foundation, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$41,893
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$79,224

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$121,117 · 0.35%
2023$124,827 · 0.43%
2022$120,959 · 0.43%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Gaylord Hospital, Inc. CT$51.0M · 0.29%
Prime Healthcare, PC CT$41.4M · 0.19%
Visionary Eye Care Partners CT$38.2M · 0.02%
McLean Affiliates, Inc. CT$36.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061008595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.