Plan Ledger DOL Form 5500 · updated monthly

Elite Home Care LLC401(k)

ELITE HOME CARE LLC 401(K) PLAN · SPARTANBURG, SC · plan year 2023

Reported admin expense ratio · 2023
1.93%

Elite Home Care LLC reported $5,106 in plan administrative expenses for 2023: 1.93% of average plan assets, above the peer median. 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 1 year on file its reported administrative ratio fell from 3.07% to 1.93%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Carolina (783rd of 807), and 11,526th of 11,911 in health care & social assistance. In 2023, employees put in $2.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$350,716
Participants with balances557
Active participants0
Employer contributions$53,905
Employee contributions$128,182
Employer contribution per active participant—
Average account balance$630
Benefits paid to participants$45,779
Plan auditQualified audit opinion
AuditorTHE HOBBS GROUP, PA
Plan history2
Yearassets · accounts · employer contribution
2023$351K · 557 accts · $54K emplr
2022$178K · 524 accts · $36K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,143
Investment management$963
Total administrative$5,106
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 · 20231
GUIDELINE, INC. · Plan administrator · Recordkeeping$5,106

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$5,106 · 1.93%
2022$4,305 · 3.07%
Similar plansHealth Care & Social Assistance · South Carolina
Senior Solutions SC$556K · 0.04%
Providence Care, LLC SC$536K · 0.53%
Kikis Kare LLC SC$322K · 1.08%
Virtually LLC SC$313K · 0.13%
Florence Ck SC$283K · 1.16%
3 Hearts LLC SC$278K · 1.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461889563 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.