Plan Ledger DOL Form 5500 · updated monthly

Bhcare, Inc.403(b)

BHCARE, INC. RETIREMENT PLAN · NORTH HAVEN, CT · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Bhcare, Inc. reported $63,403 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,525 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 3 years on file its reported administrative ratio has held roughly steady near 0.381%. 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 among the smaller plans on file in Connecticut (590th of 1,106), and the 4,027th of 11,911 in health care & social assistance. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,690,188
Participants with balances244
Active participants308
Employer contributions$469,715
Employee contributions$904,671
Employer contribution per active participant$1,525
Average account balance$72,501
Benefits paid to participants$1,371,550
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 244 accts · $470K emplr
2023$15.6M · 251 accts · $446K emplr
2022$13.0M · 241 accts · $578K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,491
Investment management$30,912
Total administrative$63,403
Employer contributions to the Bhcare, Inc. plan · 2024
Employer contribution per active participant$1,525
Median for plans this size$2,416
2024$1,525 per active participant
2023$1,378 per active participant
2022$1,795 per active participant

Bhcare, Inc.'s 2024 employer contribution ran below the $2,416 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.

Service providers · 20242
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$32,491
COMMONWEALTH EQUITY SERVICES LLC DB · Investment advisory (plan)$30,912

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

Administrative cost history3
2024$63,403 · 0.38%
2023$52,370 · 0.37%
2022$51,874 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Access Rehab Centers, LLC CT$18.4M · 0.47%
Abilis, Inc. CT$18.2M · 0.30%
Waveny Care Center CT$17.9M · 0.37%
Cw Resources, Inc. CT$16.4M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222598799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.