Plan Ledger DOL Form 5500 · updated monthly

Custom Home Health, Inc.401(k)

CHH 401(K) PLAN · TROY, MI · plan year 2023

Reported admin expense ratio · 2023
0.53%

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

Custom Home Health, Inc. reported $18,633 in plan administrative expenses for 2023: 0.53% of average plan assets, above the peer median. Employer contributions averaged $181 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 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (2,155th of 2,619), and 8,687th of 11,911 in health care & social assistance. In 2023, employees put in $9.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,807,596
Participants with balances97
Active participants262
Employer contributions$47,488
Employee contributions$458,781
Employer contribution per active participant$181
Average account balance$39,254
Benefits paid to participants$409,408
Plan auditUnmodified (clean) audit opinion
AuditorPUCKET, CLEMENT, AND SCHELLENBERG
Plan history2
Yearassets · accounts · employer contribution
2023$3.8M · 97 accts · $47K emplr
2022$3.2M · 102 accts · $47K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,633
Total administrative$18,633
The Custom Home Health, Inc. 401(k) match · 2023
Employer contribution per active participant$181
Median for plans this size$1,308
2023$181 per active participant
2022$198 per active participant

Custom Home Health, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$18,633
S B H U LIFE AGENCY INC · Other servicesindirect comp

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$18,633 · 0.53%
2022$17,828 · 0.52%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
Matrix Human Services MI$4.0M · 1.25%
Allure Medical Spa MI$3.9M · 0.37%
Hurley Practice MI$3.7M · 0.27%
Eightcap, Inc. MI$3.5M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562535180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.