Plan Ledger DOL Form 5500 · updated monthly

Homecentris Healthcare, LLC401(k)

HOMECENTRIS HEALTHCARE, LLC 401(K) PROFIT SHARING PLAN AND TRUST · OWINGS MILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Homecentris Healthcare, LLC reported $10,351 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $78 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 0.53% to 0.36%. 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 Maryland (1,418th of 1,671), and 9,122nd of 11,911 in health care & social assistance. In 2024, employees put in $5.04 for every $1.00 the employer contributed; active participation has shrunk from 1,234 to 1,036 since 2022.

Plan summary
Net assets, end of year$3,184,237
Participants with balances501
Active participants1,036
Employer contributions$80,774
Employee contributions$407,286
Employer contribution per active participant$78
Average account balance$6,356
Benefits paid to participants$174,442
Plan auditUnmodified (clean) audit opinion
AuditorSC & H ATTEST SERVICES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 501 accts · $81K emplr
2023$2.6M · 404 accts · $76K emplr
2022$1.8M · 398 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,475
Investment management$4,876
Total administrative$10,351
The Homecentris Healthcare, LLC 401(k) match · 2024
Employer contribution per active participant$78
Median for plans this size$1,313
2024$78 per active participant
2023$66 per active participant
2022$41 per active participant

Homecentris Healthcare, LLC'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 · 20245
NATIONWIDE · Investment advisory (participants)$16,298
AMERICAN RETIREMENT PLAN SERVICES · Plan administrator$2,798
IRON-CO-FID-FLEXIBLE ADV FOUNDATION · Investment advisory (participants)$1,116
PROACCOUNT · Investment advisory (participants)$758
THE LEADERS GROUP · Investment advisory (participants)indirect 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$10,351 · 0.36%
2023$9,093 · 0.42%
2022$9,019 · 0.53%
Similar plansHealth Care & Social Assistance · Maryland
Kids After Hours, Inc. MD$3.6M · 0.89%
Mercy Ridge, Inc. MD$3.6M · 1.04%
Ardmore Enterprises, Inc. MD$3.6M · 0.60%
Magnificus Corporation MD$3.1M · 0.69%
Daljaco Incorporated MD$3.0M · 1.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465705434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.