Plan Ledger DOL Form 5500 · updated monthly

Home at Heart Care, Inc.401(k)

HOME AT HEART CARE, INC. 401(K) PLAN · CLEARBROOK, MN · plan year 2022

Reported admin expense ratio · 2022
0.96%

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

Home at Heart Care, Inc. reported $7,109 in plan administrative expenses for 2022: 0.96% of average plan assets, above the peer median. Employer contributions averaged $183 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Minnesota (1,876th of 1,918), and 11,206th of 11,911 in health care & social assistance. In 2022, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$658,820
Participants with balances21
Active participants131
Employer contributions$23,973
Employee contributions$47,767
Employer contribution per active participant$183
Average account balance$31,372
Benefits paid to participants$107,731
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$7,109
Total administrative$7,109
The Home at Heart Care, Inc. 401(k) match · 2022
Employer contribution per active participant$183
Median for plans this size$331

Home at Heart Care, Inc.'s 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$7,109 · 0.96%
Similar plansHealth Care & Social Assistance · Minnesota
The Wealshire, LLC MN$935K · 0.76%
Five Dimensions, LLC MN$802K · 9.56%
Heritage of Edina, Inc. MN$689K · 1.39%
Alc Homes Inc MN$683K · 0.60%
Casa de Corazon MN$369K · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208736804 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.