Plan Ledger DOL Form 5500 · updated monthly

Healthcare Resource Network401(k)

HEALTHCARE RESOURCE NETWORK 401(K) PROFIT SHARING PLAN · ROCKVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.03%

Healthcare Resource Network reported $1,606 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% 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 0.02% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Maryland (1,268th of 1,671), and 9,685th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$5,304,131
Participants with balances111
Active participants75
Employer contributions—
Employee contributions$202,224
Employer contribution per active participant—
Average account balance$47,785
Benefits paid to participants$370,529
Plan auditUnmodified (clean) audit opinion
AuditorFAW CASSON & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 111 accts
2023$5.0M · 135 accts · $10K emplr
2022$4.9M · 147 accts · $6K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,606
Total administrative$1,606
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 · Loan processing$1,606
LPL FINANCIAL 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.

Administrative cost history3
2024$1,606 · 0.03%
2023$1,343 · 0.03%
2022$1,282 · 0.02%
Similar plansProfessional & Technical Services · Maryland
Awin Inc. MD$5.5M · 0.05%
Arrowmaker Group , Inc. MD$5.5M · 0.23%
Daly Computers, Inc. MD$5.5M · 0.29%
Patriot LLC MD$5.4M · 0.88%
GAMA-1 Technologies, LLC MD$5.1M · 0.01%
R2I Holdings LLC MD$5.1M · 0.54%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 352198128 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.