Plan Ledger DOL Form 5500 · updated monthly

Area Residential Care, Inc.Profit-sharing plan

AREA RESIDENTIAL CARE, INC. RETIREMENT SAVINGS PLAN · DUBUQUE, IA · plan year 2022

Reported admin expense ratio · 2022
0.73%

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

Area Residential Care, Inc. reported $29,988 in plan administrative expenses for 2022: 0.73% of average plan assets, above the peer median. Employer contributions averaged $953 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 rose from 0.73% to 1.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Iowa (736th of 878), and 10,176th of 11,654 in professional & technical services. In 2022, the employer put in $1.16 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,991,754
Participants with balances121
Active participants116
Employer contributions$110,577
Employee contributions$95,116
Employer contribution per active participant$953
Average account balance$32,990
Benefits paid to participants$810,541
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 97 accts · $89K emplr
2023$3.2M · 118 accts · $104K emplr
2022$4.0M · 121 accts · $111K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$29,988
Total administrative$29,988
Employer contributions to the Area Residential Care, Inc. plan · 2022
Employer contribution per active participant$953
Median for plans this size$1,114
2024$934 per active participant
2023$1,151 per active participant
2022$953 per active participant

Area Residential Care, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$32,012 · 1.00%
2023$25,794 · 0.71%
2022$29,988 · 0.73%
Similar plansProfessional & Technical Services · Iowa
Ir Labs de, LLC IA$6.4M · 1.21%
Hydro-Klean LLC IA$6.0M · 0.82%
Vmc Management Corp IA$5.0M · 0.50%
Ip Pathways, LLC IA$4.8M · 0.30%
Infinity Contact Inc. IA$3.7M · 0.64%
Humach, LLC IA$3.2M · 0.56%
Apollo Technologies, IA$2.3M · 0.20%
Securitycoverage, Inc. IA$2.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420936800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.