What are the fees in the Big Heart Home Care 401(k) plan?

For plan year 2024, Big Heart Home Care reported $92,424 in plan administrative expenses, or 12.52% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Big Heart Home Care 401(k)?

The average participant account balance was $898 for plan year 2024, based on 1,294 accounts.

Big Heart Home Care401(k)

Name: Big Heart Home Care 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

BIG HEART HOME CARE RETIREMENT SAVINGS PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024

12.52%

Big Heart Home Care reported $92,424 in plan administrative expenses for 2024: 12.52% of average plan assets, higher than ~90% of peers. 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.

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 New York (5,303rd of 5,648), and 10,764th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,162,510
Participants with balances1,294
Active participants2,182
Employer contributions—
Employee contributions$847,212
Employer contribution per active participant—
Average account balance$898
Benefits paid to participants$29,870
Plan auditUnmodified (clean) audit opinion
AuditorROST & COMPANY, CPAS PC

Administrative expenses, itemized · 2024

Recordkeeping & contract admin$92,424

Total administrative$92,424

What these fees cost you

Your balance

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 · 20241

ADP, INC. · Loan processing · Recordkeeping$92,424

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

Administrative cost history1

2024$92,424 · 12.52%

Similar plansHealth Care & Social Assistance · New York
Management and Business Associates, Inc. dba Restorative Health Care NY$1.2M · 0.44%
Chdfs Inc. NY$1.2M · 0.27%
Mount Vernon Neighborhood Health Center, Inc. NY$1.2M · 0.96%
People Care Holdings, Inc. NY$1.2M · 0.01%
Acacia Network Inc. NY$1.1M · 3.53%
Just Care LLC NY$1.1M · 7.15%
Gem Healthcare Employment Agency NY$1.1M · 1.33%
Frank Scafuri, III, D.O., P.C. NY$1.1M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812859033 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.