Plan Ledger DOL Form 5500 · updated monthly

I.D. Care, LLC401(k)

I.D. CARE, P.A. 401(K) PLAN · HILLSBOROUGH, NJ · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

I.D. Care, LLC reported $15,842 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,490 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 0.06% to 0.03%. 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 524th-largest of 2,419 plans among New Jersey employers on file, and the 1,642nd of 11,911 in health care & social assistance. In 2024, employees put in $1.03 for every $1.00 the employer contributed; active participation has grown from 165 to 215 since 2022.

Plan summary
Net assets, end of year$59,020,570
Participants with balances234
Active participants215
Employer contributions$2,040,405
Employee contributions$2,098,106
Employer contribution per active participant$9,490
Average account balance$252,225
Benefits paid to participants$651,497
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$59.0M · 234 accts · $2.0M emplr
2023$48.1M · 213 accts · $1.8M emplr
2022$37.3M · 198 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,323
Investment management$12,519
Total administrative$15,842
The I.D. Care, LLC 401(k) match · 2024
Employer contribution per active participant$9,490
Median for plans this size$3,635
2024$9,490 per active participant
2023$9,795 per active participant
2022$9,769 per active participant

I.D. Care, LLC's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20243
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$9,018
ADP, INC. · Loan processing · Recordkeeping$3,323
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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Administrative cost history3
2024$15,842 · 0.03%
2023$11,338 · 0.03%
2022$24,478 · 0.06%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Ivi America LLC NJ$68.9M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223089117 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.