Plan Ledger DOL Form 5500 · updated monthly

Care Dimensions, Inc.403(b)

CARE DIMENSIONS, INC. 403(B) PLAN · DANVERS, MA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Care Dimensions, Inc. reported $117,401 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 fell from 0.57% to 0.53%. 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 the 1,160th-largest of 2,726 plans among Massachusetts employers on file, and the 3,263rd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$23,893,218
Participants with balances751
Active participants608
Employer contributions$0
Employee contributions$2,770,084
Employer contribution per active participant$0
Average account balance$31,815
Benefits paid to participants$2,592,874
Plan auditUnmodified (clean) audit opinion
AuditorBOIVIN AND ASSOCIATES, CPAS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 751 accts
2023$20.7M · 708 accts · $1K emplr
2022$16.0M · 679 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,223
Investment management$32,178
Total administrative$117,401
Employer contributions to the Care Dimensions, Inc. plan · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Care Dimensions, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
EMPOWER ANNUITY INSURANCE COMPANY · Investment advisory (plan)$30,886
EMPOWER ADVISORY GROUP, LLC · Investment management$1,292

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$117,401 · 0.53%
2023$97,505 · 0.53%
2022$95,583 · 0.57%
All plans at this employer2
CARE DIMENSIONS, INC. RETIREMENT PLANProfit-sharing plan
CARE DIMENSIONS, INC. 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Element Care, Inc. MA$24.7M · 0.35%
Pointe Group Care, LLC MA$23.6M · 0.63%
Lcb Senior Living, LLC MA$23.2M · 1.24%
Umass Memorial Health MA$23.2M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222873792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.