Plan Ledger DOL Form 5500 · updated monthly

Best Care Senior Living LLC401(k)

BEST CARE SENIOR LIVING LLC 401K PLAN · TEMPLE TERRACE, FL · plan year 2024

Reported admin expense ratio · 2024
1.95%

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

Best Care Senior Living LLC reported $10,564 in plan administrative expenses for 2024: 1.95% of average plan assets, above the peer median. Employer contributions averaged $520 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 0.56% to 1.95%. 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 Florida (3,459th of 3,644), and 11,230th of 11,911 in health care & social assistance. In 2024, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$644,017
Participants with balances258
Active participants162
Employer contributions$84,257
Employee contributions$163,738
Employer contribution per active participant$520
Average account balance$2,496
Benefits paid to participants$89,696
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$644K · 258 accts · $84K emplr
2023$438K · 276 accts · $72K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,783
Investment management$2,781
Total administrative$10,564
The Best Care Senior Living LLC 401(k) match · 2024
Employer contribution per active participant$520
Median for plans this size$540
2024$520 per active participant
2023$430 per active participant

Best Care Senior Living LLC's 2024 employer contribution ran below the $540 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2024$10,564 · 1.95%
2023$1,837 · 0.56%
Similar plansHealth Care & Social Assistance · Florida
Brave Health, Inc. FL$759K · 0.36%
Americore Health, LLC FL$608K · 1.48%
St. Petersburg Pediatrics FL$549K · 0.93%
MED1CARE, LLC FL$528K · 2.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842391319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.