Plan Ledger DOL Form 5500 · updated monthly

Distinctive Home Care Inc401(k)

DISTINCTIVE HOME CARE, INC. 401(K) PLAN · BOWIE, MD · plan year 2024

Reported admin expense ratio · 2024
1.34%

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

Distinctive Home Care Inc reported $68,320 in plan administrative expenses for 2024: 1.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,464 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 1.20% to 1.34%. 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 Maryland (1,280th of 1,671), and 7,846th of 11,911 in health care & social assistance. In 2024, employees put in $2.54 for every $1.00 the employer contributed; active participation has shrunk from 295 to 149 since 2022.

Plan summary
Net assets, end of year$5,109,880
Participants with balances167
Active participants149
Employer contributions$218,114
Employee contributions$554,981
Employer contribution per active participant$1,464
Average account balance$30,598
Benefits paid to participants$1,461,300
Plan auditUnmodified (clean) audit opinion
AuditorPLATFORM CPA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 167 accts · $218K emplr
2023$5.1M · 172 accts · $294K emplr
2022$3.8M · 162 accts · $297K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,119
Investment management$27,571
Total administrative$68,320
The Distinctive Home Care Inc 401(k) match · 2024
Employer contribution per active participant$1,464
Median for plans this size$1,313
2024$1,464 per active participant
2023$1,076 per active participant
2022$1,008 per active participant

Distinctive Home Care Inc's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
IBN FINANCIAL SERVICES, INC. · Investment advisory (participants)$26,511
WILSHIRE ASSOCIATES INC · Investment advisory (participants)$1,061

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$68,320 · 1.34%
2023$58,925 · 1.34%
2022$46,652 · 1.20%
Similar plansHealth Care & Social Assistance · Maryland
Emerge, Inc. MD$5.4M · 0.98%
Bar-T Holding, Inc. MD$5.1M · 0.43%
Capital Care, Inc. MD$4.9M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 753197400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.