Plan Ledger DOL Form 5500 · updated monthly

Good Care Agency401(k)

GOOD CARE AGENCY 401K PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
6.68%

Good Care Agency reported $92,421 in plan administrative expenses for 2024: 6.68% 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 2 years on file its reported administrative ratio rose from 0.03% to 6.68%. 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 (5,152nd of 5,648), and 10,128th of 11,911 in health care & social assistance. active participation has grown from 1,439 to 2,905 since 2022.

Plan summary
Net assets, end of year$1,907,194
Participants with balances1,812
Active participants2,905
Employer contributions—
Employee contributions$1,028,329
Employer contribution per active participant—
Average account balance$1,053
Benefits paid to participants$26,048
Plan auditUnmodified (clean) audit opinion
AuditorTRAILBREAKER ACCOUNTING
Plan history3
Yearassets · accounts · employer contribution
2024$1.9M · 1,812 accts
2023$860K · 1,333 accts
2022$51K · 862 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,034
Investment management$6,387
Total administrative$92,421
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
ADP, INC. · Loan processing · Recordkeeping$86,034
AMERICAN PORTFOLIOS ADVISORS, INC. · Recordkeeping · Trustee$6,387

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, AMERICAN PORTFOLIOS ADVISORS, INC.
2023ADP

This plan has changed recordkeepers within these filings. If you left Good Care Agency before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$92,421 · 6.68%
2023$124,388 · 27.30%
2022$16 · 0.03%
Similar plansHealth Care & Social Assistance · New York
Bikur Cholim, Inc. NY$1.9M · 1.62%
Champion Care, LLC NY$1.8M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 275566838 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.