Plan Ledger DOL Form 5500 · updated monthly

Hdc Care Solutions LLC401(k)

PRACTITIONER SUPPORT SERVICES 401(K) RETIREMENT PLAN · FRAMINGHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Hdc Care Solutions LLC reported $30,758 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,927 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 0.57% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Massachusetts (1,780th of 2,726), and the 5,296th of 11,911 in health care & social assistance. In 2024, employees put in $2.29 for every $1.00 the employer contributed; active participation has grown from 134 to 172 since 2022.

Plan summary
Net assets, end of year$11,478,212
Participants with balances182
Active participants172
Employer contributions$503,431
Employee contributions$1,154,876
Employer contribution per active participant$2,927
Average account balance$63,067
Benefits paid to participants$1,093,528
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 182 accts · $503K emplr
2023$9.2M · 149 accts · $415K emplr
2022$7.4M · 109 accts · $293K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,142
Investment management$15,756
Trustee / custodial$860
Total administrative$30,758
The Hdc Care Solutions LLC 401(k) match · 2024
Employer contribution per active participant$2,927
Median for plans this size$2,416
2024$2,927 per active participant
2023$2,882 per active participant
2022$2,186 per active participant

Hdc Care Solutions LLC's 2024 employer contribution ran above the $2,416 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 · 20242
PAYCHEX, INC. · Contract administrator · Recordkeeping$16,675
LPL FINANCIAL · Investment advisory (participants)$15,717

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$30,758 · 0.30%
2023$36,355 · 0.44%
2022$44,522 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts
Lynn Community Health Inc MA$11.8M · 0.68%
Westmass Eldercare, Inc. MA$11.5M · 0.44%
Bane Concord Master, LLC MA$11.4M · 1.06%
Recover Together, Inc. MA$11.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454748124 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.