Plan Ledger DOL Form 5500 · updated monthly

Florida Institute for Long Term Care LLC401(k)

FLORIDA INSTITUTE FOR LONG TERM CARE LLC 401(K) PLAN · BALA CYNWYD, PA · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Florida Institute for Long Term Care LLC reported $46,209 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $0 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 1.06% to 0.79%. 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 Pennsylvania (2,714th of 3,651), and 7,205th of 11,911 in health care & social assistance. active participation has grown from 1,489 to 3,051 since 2022.

Plan summary
Net assets, end of year$6,286,337
Participants with balances248
Active participants3,051
Employer contributions$0
Employee contributions$848,873
Employer contribution per active participant$0
Average account balance$25,348
Benefits paid to participants$540,652
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 248 accts
2023$5.4M · 203 accts
2022$4.3M · 207 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,785
Investment management$19,424
Total administrative$46,209
The Florida Institute for Long Term Care LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Florida Institute for Long Term Care LLC'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.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$26,785
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$13,840
FORVIS MAZARS, LLP · Accounting / audit$12,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,584

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

Administrative cost history3
2024$46,209 · 0.79%
2023$48,289 · 0.99%
2022$46,843 · 1.06%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
North, Inc. PA$6.4M · 0.68%
Adsc Holdings, Inc. PA$6.3M · 0.82%
Child Development, Inc. PA$6.3M · 0.05%
Homestead Village, Inc PA$6.2M · 0.48%
Hamilton Health Center PA$6.2M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020660404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.