Plan Ledger DOL Form 5500 · updated monthly

Focus Care Solutions Inc401(k)

FOCUS CARE SOLUTIONS INC 401(K) PROFIT SHARING PLAN & TRUST · WOBURN, MA · plan year 2022

Reported admin expense ratio · 2022
0.73%

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

Focus Care Solutions Inc reported $614 in plan administrative expenses for 2022: 0.73% of average plan assets, below 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (2,715th of 2,726), and 11,591st of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$83,613
Participants with balances41
Active participants177
Employer contributions$0
Employee contributions$83,714
Employer contribution per active participant$0
Average account balance$2,039
Benefits paid to participants$3,027
Plan auditUnmodified (clean) audit opinion
AuditorPOOLER CPA GROUP, LLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$614
Total administrative$614
The Focus Care Solutions Inc 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$331

Focus Care Solutions Inc's 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$614 · 0.73%
Similar plansProfessional & Technical Services · Massachusetts
Bask Inc MA$518K · 0.80%
Adie Conway Inc MA$270K · 0.54%
Brighttalk Inc. MA$115 · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 863672110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.