Plan Ledger DOL Form 5500 · updated monthly

Avante Care Management LLC401(k)

ABSOLUT RETIREMENT SAVINGS PLAN · ROSLYN HEIGHTS, NY · plan year 2022

Reported admin expense ratio · 2022
1.39%

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

Avante Care Management LLC reported $172,699 in plan administrative expenses for 2022: 1.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $20 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 1.39% to 1.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,475th of 5,648), and the 5,420th of 11,911 in health care & social assistance. In 2022, employees put in $44.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,029,526
Participants with balances835
Active participants796
Employer contributions$15,714
Employee contributions$706,378
Employer contribution per active participant$20
Average account balance$13,209
Benefits paid to participants$1,374,132
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP, CPAS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 698 accts · $61K emplr
2023$9.9M · 717 accts · $38K emplr
2022$11.0M · 835 accts · $16K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$172,699
Total administrative$172,699
The Avante Care Management LLC 401(k) match · 2022
Employer contribution per active participant$20
Median for plans this size$2,266
2024$77 per active participant
2023$46 per active participant
2022$20 per active participant

Avante Care Management LLC's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024G&C PENSIONS, LLC
2023G&C PENSIONS, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$175,315 · 1.74%
2023$185,436 · 1.77%
2022$172,699 · 1.39%
Similar plansHealth Care & Social Assistance · New York
Vito C. Quatela, M.D., PLLC NY$11.2M · 0.68%
Unlimited Care, Inc. NY$11.2M · 1.75%
Med Excel USA, Inc. NY$11.1M · 0.39%
Rochester Friendly Home NY$11.0M · 0.65%
Syracuse Home Association NY$10.9M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471678841 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.