Plan Ledger DOL Form 5500 · updated monthly

Care IV, Inc. dba Care IV401(k)

CARE IV, INC. 401(K) PROFIT SHARING PLAN · LITTLE ROCK, AR · plan year 2024

Reported admin expense ratio · 2024
1.28%

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

Care IV, Inc. dba Care IV reported $43,182 in plan administrative expenses for 2024: 1.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,537 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 0.94% to 1.28%. 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 Arkansas (359th of 456), and 8,898th of 11,911 in health care & social assistance. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has shrunk from 215 to 185 since 2022.

Plan summary
Net assets, end of year$3,526,354
Participants with balances217
Active participants185
Employer contributions$284,428
Employee contributions$502,103
Employer contribution per active participant$1,537
Average account balance$16,250
Benefits paid to participants$985,846
Plan auditUnmodified (clean) audit opinion
AuditorERWIN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 217 accts · $284K emplr
2023$3.2M · 225 accts · $247K emplr
2022$2.4M · 200 accts · $190K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,881
Investment management$8,301
Total administrative$43,182
The Care IV, Inc. dba Care IV 401(k) match · 2024
Employer contribution per active participant$1,537
Median for plans this size$1,313
2024$1,537 per active participant
2023$1,278 per active participant
2022$885 per active participant

Care IV, Inc. dba Care IV's 2024 employer contribution ran above the $1,313 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$34,881
ALLIANT INSURANCE AGENCY INC · Recordkeeping · Trustee$8,301
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, ALLIANT INSURANCE AGENCY INC
2023ADP, ALLIANT INSURANCE AGENCY INC

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Administrative cost history3
2024$43,182 · 1.28%
2023$34,574 · 1.22%
2022$22,952 · 0.94%
Similar plansHealth Care & Social Assistance · Arkansas
Ozark Opportunities Inc. AR$2.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363957553 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.