Plan Ledger DOL Form 5500 · updated monthly

Girling Healthcare of New York Inc401(k)

GIRLING HEALTH CENTER HCS HEALTHCARE 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
1.05%

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

Girling Healthcare of New York Inc reported $45,625 in plan administrative expenses for 2024: 1.05% of average plan assets, higher than ~75% of peers. Employer contributions averaged $889 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 rose from 0.96% to 1.05%. 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 New York (4,324th of 5,648), and 7,471st of 11,911 in health care & social assistance. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 355 to 764 since 2022.

Plan summary
Net assets, end of year$5,799,572
Participants with balances149
Active participants764
Employer contributions$679,174
Employee contributions$1,146,789
Employer contribution per active participant$889
Average account balance$38,923
Benefits paid to participants$113,238
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 149 accts · $679K emplr
2023$2.9M · 154 accts · $524K emplr
2022$964K · 84 accts · $6K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,200
Total administrative$45,625
The Girling Healthcare of New York Inc 401(k) match · 2024
Employer contribution per active participant$889
Median for plans this size$1,313
2024$889 per active participant
2023$853 per active participant
2022$18 per active participant

Girling Healthcare of New York Inc's 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20241
JOHN HANCOCK NEW YORK · Recordkeeping$952

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$45,625 · 1.05%
2023$20,819 · 1.08%
2022$6,411 · 0.96%
Similar plansHealth Care & Social Assistance · New York
Kennedy Pavilion Rh LLC NY$5.8M · 0.24%
Arcadia Management, Inc. NY$5.8M · 0.63%
R.A.I.N. Total Care, Inc. NY$5.8M · 0.07%
H1 Insights, Inc. NY$5.8M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455637263 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.