Plan Ledger DOL Form 5500 · updated monthly

Care for U Plus LLC401(k)

CARE FOR U PLUS 401(K) PLAN · LAWRENCE TOWNSHIP, NJ · plan year 2024

Reported admin expense ratio · 2024
1.57%

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

Care for U Plus LLC reported $31,112 in plan administrative expenses for 2024: 1.57% of average plan assets, higher than ~90% of peers. Employer contributions averaged $434 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 1.44% to 1.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (2,133rd of 2,419), and 9,925th of 11,911 in health care & social assistance. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 351 to 405 since 2022.

Plan summary
Net assets, end of year$2,147,611
Participants with balances296
Active participants405
Employer contributions$175,885
Employee contributions$277,181
Employer contribution per active participant$434
Average account balance$7,255
Benefits paid to participants$329,957
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 296 accts · $176K emplr
2023$1.8M · 342 accts · $161K emplr
2022$1.5M · 346 accts · $185K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,442
Investment management$15,670
Total administrative$31,112
The Care for U Plus LLC 401(k) match · 2024
Employer contribution per active participant$434
Median for plans this size$1,313
2024$434 per active participant
2023$458 per active participant
2022$528 per active participant

Care for U Plus LLC's 2024 employer contribution ran below the $1,313 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 · 20242
TANKER CONSULTING GROUP LLC · Investment advisory (plan)$14,691

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$31,112 · 1.57%
2023$25,791 · 1.55%
2022$20,537 · 1.44%
Similar plansHealth Care & Social Assistance · New Jersey
Imperial Healthcare NJ$2.2M · 2.16%
Nutrasourcerd LLC NJ$2.0M · 1.49%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 611493568 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.