Plan Ledger DOL Form 5500 · updated monthly

Friendly Home Care, Inc.401(k)

FRIENDLY HOME CARE 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
16.98%

Friendly Home Care, Inc. reported $48,792 in plan administrative expenses for 2024: 16.98% of average plan assets, higher than ~90% 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.

Across the 1 year on file its reported administrative ratio rose from 5.60% to 16.98%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,461st of 5,648), and 11,398th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$465,876
Participants with balances480
Active participants876
Employer contributions—
Employee contributions$400,657
Employer contribution per active participant—
Average account balance$971
Benefits paid to participants$22,448
Plan auditUnmodified (clean) audit opinion
AuditorCOOPER SAVAS
Plan history2
Yearassets · accounts · employer contribution
2024$466K · 480 accts
2023$109K · 442 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,792
Total administrative$48,792
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 · 20241
ADP, INC. · Recordkeeping$48,791

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$48,792 · 16.98%
2023$6,102 · 5.60%
Similar plansHealth Care & Social Assistance · New York
603 Healthcare LLC NY$490K · 2.04%
Michael E Jones MD PC NY$479K · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113523744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.