Plan Ledger DOL Form 5500 · updated monthly

Family First Homecare401(k)

FAMILY FIRST HOMECARE 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Family First Homecare reported $52,991 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $487 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 fell from 1.24% to 0.61%. 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 Florida (1,842nd of 3,644), and the 5,872nd of 11,911 in health care & social assistance. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 888 to 1,350 since 2022.

Plan summary
Net assets, end of year$9,489,922
Participants with balances373
Active participants1,350
Employer contributions$656,784
Employee contributions$1,289,574
Employer contribution per active participant$487
Average account balance$25,442
Benefits paid to participants$1,427,854
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 373 accts · $657K emplr
2023$8.0M · 333 accts · $474K emplr
2022$3.5M · 210 accts · $330K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,927
Investment management$20,064
Total administrative$52,991
The Family First Homecare 401(k) match · 2024
Employer contribution per active participant$487
Median for plans this size$1,313
2024$487 per active participant
2023$394 per active participant
2022$372 per active participant

Family First Homecare'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.

Administrative cost history3
2024$52,991 · 0.61%
2023$72,276 · 1.25%
2022$45,275 · 1.24%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Combined Resources, LLC FL$9.6M · 0.07%
Emed LLC FL$9.6M · 0.23%
Children First, Inc. FL$9.5M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460893326 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.