Plan Ledger DOL Form 5500 · updated monthly

Home Care Associates401(k)

HOME CARE ASSOCIATES 401 K PROFIT SHARING PLAN TRUST · WOODBRIDGE, CT · plan year 2022

Reported admin expense ratio · 2022
0.81%

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

Home Care Associates reported $18,845 in plan administrative expenses for 2022: 0.81% of average plan assets, higher than ~75% of peers. Employer contributions averaged $519 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (1,023rd of 1,106), and 9,798th of 11,911 in health care & social assistance. In 2022, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,303,685
Participants with balances68
Active participants264
Employer contributions$137,018
Employee contributions$347,780
Employer contribution per active participant$519
Average account balance$33,878
Benefits paid to participants$113,713
Plan auditUnmodified (clean) audit opinion
AuditorT.M. BYXBEE COMPANY, P.C.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$18,845
Total administrative$18,845
The Home Care Associates 401(k) match · 2022
Employer contribution per active participant$519
Median for plans this size$1,114

Home Care Associates's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$18,845 · 0.81%
Similar plansHealth Care & Social Assistance · Connecticut
Odd Fellows Home of Connecticut, Inc. CT$2.8M · 0.99%
Ices, Inc. CT$2.7M · 3.00%
Hart United, Inc. CT$2.7M · 0.99%
Companions & Homemakers, Inc. CT$2.5M · 0.61%
Community Housing Advocates, I CT$2.3M · 1.01%
Leeway, Inc. CT$2.2M · 0.73%
Norwich Convalescent Home, Inc CT$2.2M · 0.29%
Fairfield Healthcare Services CT$2.0M · 1.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273819154 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.