Plan Ledger DOL Form 5500 · updated monthly

Humc Opco LLC (D/B/A Carepoint Health - Hoboken University Med Center)401(k)

CAREPOINT 401(K) PLAN · HOBOKEN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.24%

Humc Opco LLC (D/B/A Carepoint Health - Hoboken University Med Center) reported $371,579 in plan administrative expenses for 2024: 0.24% of average plan assets, higher 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 fell from 0.28% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 263rd-largest of 2,419 plans among New Jersey employers on file, and the 748th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$161,788,350
Participants with balances2,795
Active participants2,921
Employer contributions—
Employee contributions$8,898,379
Employer contribution per active participant—
Average account balance$57,885
Benefits paid to participants$17,660,667
Plan auditUnmodified (clean) audit opinion
AuditorSANTORA CPA GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$161.8M · 2,795 accts
2023$150.1M · 2,839 accts · $2.2M emplr
2022$125.4M · 2,779 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$371,579
Total administrative$371,579
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 · 20241
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment management$300,719

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$371,579 · 0.24%
2023$321,027 · 0.23%
2022$389,035 · 0.28%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Hunterdon Healthcare System NJ$235.6M · 0.26%
Orthonj, LLC NJ$173.7M · 0.20%
Deborah Heart & Lung Center NJ$143.1M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452147328 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.