Plan Ledger DOL Form 5500 · updated monthly

Care One Management, LLC401(k)

HEALTHBRIDGE MANAGEMENT 401(K) PLAN · FORT LEE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Care One Management, LLC reported $327,701 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $349 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 0.52% to 0.42%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 410th-largest of 2,419 plans among New Jersey employers on file, and the 1,236th of 11,911 in health care & social assistance. In 2024, employees put in $8.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$85,410,269
Participants with balances4,040
Active participants3,304
Employer contributions$1,152,219
Employee contributions$10,298,741
Employer contribution per active participant$349
Average account balance$21,141
Benefits paid to participants$7,809,348
Plan auditUnmodified (clean) audit opinion
AuditorSAX LLP
Plan history3
Yearassets · accounts · employer contribution
2024$85.4M · 4,040 accts · $1.2M emplr
2023$72.5M · 3,913 accts · $1.1M emplr
2022$58.6M · 3,808 accts · $983K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$257,228
Investment management$70,473
Total administrative$327,701
The Care One Management, LLC 401(k) match · 2024
Employer contribution per active participant$349
Median for plans this size$3,635
2024$349 per active participant
2023$326 per active participant
2022$305 per active participant

Care One Management, LLC's 2024 employer contribution ran below the $3,635 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
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$257,228
MORGAN STANLEY · Investment advisory (plan)$70,473

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$327,701 · 0.42%
2023$297,749 · 0.45%
2022$320,933 · 0.52%
Similar plansHealth Care & Social Assistance · New Jersey
Bancroft NJ$96.6M · 0.22%
Careplus Bergen Inc. NJ$78.0M · 0.44%
Pskw, LLC NJ$75.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200219127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.