Hope & Cherish Home Care LLC401(k)
HOPE & CHERISH HOME CARE RETIREMENT PLAN · BROOKLYN, NY · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Hope & Cherish Home Care LLC reported $9,825 in plan administrative expenses for 2022: 17.58% of average plan assets, higher than ~90% of peers. Employer contributions averaged $473 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 rose from 17.58% to 25.70%. 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 New York (5,613th of 5,648), and 11,830th of 11,911 in health care & social assistance.
Hope & Cherish Home Care LLC's 2022 employer contribution ran above 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
This plan has changed recordkeepers within these filings. If you left Hope & Cherish Home Care LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 474841317 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.