Plan Ledger DOL Form 5500 · updated monthly

Care One Management, LLC401(k)

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

Reported admin expense ratio · 2024
0.30%

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

Care One Management, LLC reported $335,651 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $340 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 0.45% to 0.30%. 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 324th-largest of 2,419 plans among New Jersey employers on file, and the 942nd of 11,911 in health care & social assistance. In 2024, employees put in $9.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$119,222,503
Participants with balances4,487
Active participants3,558
Employer contributions$1,210,939
Employee contributions$11,441,295
Employer contribution per active participant$340
Average account balance$26,571
Benefits paid to participants$10,831,320
Plan auditUnmodified (clean) audit opinion
AuditorSAX LLP
Plan history3
Yearassets · accounts · employer contribution
2024$119.2M · 4,487 accts · $1.2M emplr
2023$101.7M · 4,172 accts · $1.1M emplr
2022$85.5M · 4,330 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$222,426
Investment management$113,225
Total administrative$335,651
The Care One Management, LLC 401(k) match · 2024
Employer contribution per active participant$340
Median for plans this size$3,635
2024$340 per active participant
2023$329 per active participant
2022$309 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$222,426
MORGAN STANLEY · Investment advisory (plan)$113,225

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$335,651 · 0.30%
2023$338,731 · 0.36%
2022$407,648 · 0.45%
Similar plansHealth Care & Social Assistance · New Jersey
Deborah Heart & Lung Center NJ$143.1M · 0.15%
Enhance Therapies NJ$114.7M · 0.29%
Cape Regional Medical Center NJ$108.6M · 0.24%
Mfa Benefits LLC NJ$100.5M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223563457 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.