Plan Ledger DOL Form 5500 · updated monthly

Care One Management, LLC401(k)

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

Reported admin expense ratio · 2024
0.31%

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

Care One Management, LLC reported $115,988 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $396 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 0.43% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 677th-largest of 2,419 plans among New Jersey employers on file, and the 804th of 5,215 in retail trade. In 2024, employees put in $10.01 for every $1.00 the employer contributed; active participation has shrunk from 1,044 to 933 since 2022.

Plan summary
Net assets, end of year$39,355,762
Participants with balances1,312
Active participants933
Employer contributions$369,317
Employee contributions$3,696,214
Employer contribution per active participant$396
Average account balance$29,997
Benefits paid to participants$5,579,129
Plan auditUnmodified (clean) audit opinion
AuditorSAX LLP
Plan history3
Yearassets · accounts · employer contribution
2024$39.4M · 1,312 accts · $369K emplr
2023$36.1M · 1,379 accts · $313K emplr
2022$34.5M · 1,501 accts · $382K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,692
Investment management$37,296
Total administrative$115,988
The Care One Management, LLC 401(k) match · 2024
Employer contribution per active participant$396
Median for plans this size$2,416
2024$396 per active participant
2023$311 per active participant
2022$366 per active participant

Care One Management, LLC'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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$78,692
MORGAN STANLEY · Investment advisory (plan) · Trustee (discretionary)$37,296

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$115,988 · 0.31%
2023$134,825 · 0.38%
2022$160,522 · 0.43%
Similar plansRetail Trade · New Jersey
Cipla USA NJ$44.6M · 0.13%
Paul Miller, Inc. NJ$44.4M · 0.44%
Dialamerica Marketing, Inc. NJ$42.7M · 0.11%
Zallie Supermarkets Inc NJ$39.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510451012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.