Plan Ledger DOL Form 5500 · updated monthly

Hcp Financial and Management Ser401(k)

HCP FINANCIAL AND MANAGEMENT SERVICES 401(K) PLAN · ROLLING MEADOWS, IL · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Hcp Financial and Management Ser reported $64,132 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $302 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 fell from 1.08% to 0.71%. 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 Illinois (2,382nd of 3,702), and the 5,662nd of 11,911 in health care & social assistance. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 1,315 to 1,630 since 2022.

Plan summary
Net assets, end of year$10,094,204
Participants with balances696
Active participants1,630
Employer contributions$492,241
Employee contributions$1,072,510
Employer contribution per active participant$302
Average account balance$14,503
Benefits paid to participants$504,842
Plan auditUnmodified (clean) audit opinion
AuditorCJBS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 696 accts · $492K emplr
2023$7.9M · 726 accts · $435K emplr
2022$6.1M · 749 accts · $395K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,132
Total administrative$64,132
The Hcp Financial and Management Ser 401(k) match · 2024
Employer contribution per active participant$302
Median for plans this size$1,313
2024$302 per active participant
2023$288 per active participant
2022$301 per active participant

Hcp Financial and Management Ser's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$64,131
ADP BROKER-DEALER · Other servicesindirect comp
MORGAN STANLEY SMITH BARNEY LLC · Other servicesindirect comp

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 history3
2024$64,132 · 0.71%
2023$56,245 · 0.80%
2022$66,424 · 1.08%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Doctors Data Inc. IL$9.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412160925 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.