Plan Ledger DOL Form 5500 · updated monthly

Gem Healthcare Employment Agency401(k)

GEM HEALTHCARE 401(K) PLAN · FREEPORT, NY · plan year 2024

Reported admin expense ratio · 2024
1.33%

Gem Healthcare Employment Agency reported $13,260 in plan administrative expenses for 2024: 1.33% of average plan assets, above the peer median. 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 1.86% to 1.33%. 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 (5,319th of 5,648), and 10,820th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,089,501
Participants with balances117
Active participants109
Employer contributions—
Employee contributions$189,530
Employer contribution per active participant—
Average account balance$9,312
Benefits paid to participants$79,312
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.1M · 117 accts
2023$898K · 111 accts
2022$702K · 112 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,260
Total administrative$13,260
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$13,260
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$13,260 · 1.33%
2023$13,455 · 1.68%
2022$14,021 · 1.86%
Same employer
Similar plansHealth Care & Social Assistance · New York
Big Heart Home Care NY$1.2M · 12.52%
Acacia Network Inc. NY$1.1M · 3.53%
Just Care LLC NY$1.1M · 7.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112990506 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.