What are the fees in the Freedom Homecare Inc 401(k) plan?

For plan year 2021, Freedom Homecare Inc reported $135 in plan administrative expenses, or 0.05% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Freedom Homecare Inc 401(k)?

The average participant account balance was $15,829 for plan year 2021, based on 21 accounts.

Freedom Homecare Inc401(k)

Name: Freedom Homecare Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

FREEDOM HOMECARE INC 401K PROFIT SHARING PLAN & TRUST · HIGHLAND PARK, IL · plan year 2021

Reported admin expense ratio · 2021

0.05%

Freedom Homecare Inc reported $135 in plan administrative expenses for 2021: 0.05% of average plan assets, lower than ~75% of peers. 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 93 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (3,595th of 3,702), and 11,547th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$332,406
Participants with balances21
Active participants120
Employer contributions—
Employee contributions$101,359
Employer contribution per active participant—
Average account balance$15,829
Benefits paid to participants$4,635
Plan auditUnmodified (clean) audit opinion

Administrative expenses, itemized · 2021

Recordkeeping & contract admin$135

Total administrative$135

What these fees cost you

Your balance

Annual cost at the plan's reported 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2021$135 · 0.05%

Similar plansHealth Care & Social Assistance · Illinois
Open Arms Solutions IL$367K · 1.54%
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In-Home Care Connection IL$349K · 0.76%
IT Takes a Village Early Learnin IL$284K · 0.99%
Pearl of Rolling Meadows, LLC IL$230K · 1.91%
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Source: U.S. Department of Labor, Form 5500 series, EIN 364241842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.