Plan Ledger DOL Form 5500 · updated monthly

Carefree Practice Resources LLC401(k)

CAREFREE PRACTICE RESOURCES LLC 401K PROFIT SHARING PLAN · RENO, NV · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Carefree Practice Resources LLC reported $65,712 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,463 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 has held roughly steady near 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 155th-largest of 437 plans among Nevada employers on file, and the 4,561st of 11,911 in health care & social assistance. In 2023, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,664,264
Participants with balances231
Active participants339
Employer contributions$495,804
Employee contributions$1,128,952
Employer contribution per active participant$1,463
Average account balance$63,482
Benefits paid to participants$483,200
Plan auditUnmodified (clean) audit opinion
AuditorCOOPER NORMAN CPA BUSINESS ADVISORS
Plan history2
Yearassets · accounts · employer contribution
2023$14.7M · 231 accts · $496K emplr
2022$11.3M · 190 accts · $353K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,857
Investment management$37,855
Total administrative$65,712
The Carefree Practice Resources LLC 401(k) match · 2023
Employer contribution per active participant$1,463
Median for plans this size$2,440
2023$1,463 per active participant
2022$1,246 per active participant

Carefree Practice Resources LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
AEGIS WEALTH GROUP LLC · Investment advisory (plan)$37,855
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$25,057
ASSOCIATED PENSION CONSULTANTS INC · Contract administrator · Other services$2,800

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

Administrative cost history2
2023$65,712 · 0.51%
2022$59,829 · 0.52%
Same employer
Similar plansHealth Care & Social Assistance · Nevada
Hera Health Partners LP NV$20.3M · 0.41%
Urology Nevada, LTD. NV$16.2M · 0.47%
Med-Smart, Inc. NV$13.3M · 0.64%
Opportunity Village NV$13.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455511352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.