Plan Ledger DOL Form 5500 · updated monthly

Caring, Inc.401(k)

CARING, INC. 401(K) PROFIT SHARING PLAN · PLEASANTVILLE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Caring, Inc. reported $12,562 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,988 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 3 years on file its reported administrative ratio has held roughly steady near 0.071%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,099th-largest of 2,419 plans among New Jersey employers on file, and the 3,794th of 11,911 in health care & social assistance. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$19,232,020
Participants with balances390
Active participants282
Employer contributions$1,406,615
Employee contributions$954,767
Employer contribution per active participant$4,988
Average account balance$49,313
Benefits paid to participants$1,265,559
Plan auditUnmodified (clean) audit opinion
AuditorCAPALDI, REYNOLDS & PELOSI
Plan history3
Yearassets · accounts · employer contribution
2024$19.2M · 390 accts · $1.4M emplr
2023$15.9M · 366 accts · $1.2M emplr
2022$12.9M · 338 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,562
Total administrative$12,562
The Caring, Inc. 401(k) match · 2024
Employer contribution per active participant$4,988
Median for plans this size$2,416
2024$4,988 per active participant
2023$4,625 per active participant
2022$4,528 per active participant

Caring, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20241
ADP · Recordkeeping · Loan processing$12,562

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$12,562 · 0.07%
2023$16,363 · 0.11%
2022$9,977 · 0.07%
All plans at this employer2
CARING, INC. 401(K) PROFIT SHARING PLAN401(k)
CARING, INC. CWA LOCAL 1040 EMPLOYEES 401(K) PLAN401(k)
Similar plansHealth Care & Social Assistance · New Jersey
Jewish Home Family, Inc. NJ$19.8M · 0.42%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222178791 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.