Plan Ledger DOL Form 5500 · updated monthly

Caresense Health LLC401(k)

CARESENSE HEALTH 401(K) · LAKEWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Caresense Health LLC reported $13,475 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $347 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 0.36% to 0.50%. 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 New Jersey (2,036th of 2,419), and 9,115th of 11,911 in health care & social assistance. In 2024, employees put in $2.47 for every $1.00 the employer contributed; active participation has grown from 456 to 751 since 2022.

Plan summary
Net assets, end of year$3,193,720
Participants with balances164
Active participants751
Employer contributions$260,714
Employee contributions$645,057
Employer contribution per active participant$347
Average account balance$19,474
Benefits paid to participants$235,460
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 164 accts · $261K emplr
2023$2.2M · 138 accts · $201K emplr
2022$1.4M · 110 accts · $146K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,475
Total administrative$13,475
The Caresense Health LLC 401(k) match · 2024
Employer contribution per active participant$347
Median for plans this size$1,313
2024$347 per active participant
2023$329 per active participant
2022$321 per active participant

Caresense Health LLC's 2024 employer contribution ran below the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$13,474
ADP BROKER-DEALER · Other servicesindirect 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
2023ADP

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

Administrative cost history3
2024$13,475 · 0.50%
2023$5,834 · 0.33%
2022$4,968 · 0.36%
Similar plansHealth Care & Social Assistance · New Jersey
Van Dyk Health Care, Inc. NJ$3.3M · 0.00%
Rehab Ventures, LLC NJ$3.2M · 1.47%
Cch Healthcare LLC NJ$3.2M · 1.38%
Enable, Inc. NJ$3.0M · 0.26%
Bergen's Promise, Inc. NJ$2.9M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452453604 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.