Plan Ledger DOL Form 5500 · updated monthly

Ideal Home Health Inc.401(k)

IDEAL HOME HEALTH RETIREMENT PLAN · BROOKLYN NY, NY · plan year 2024

Reported admin expense ratio · 2024
3.21%

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

Ideal Home Health Inc. reported $147,418 in plan administrative expenses for 2024: 3.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $700 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 3 years on file its reported administrative ratio has held roughly steady near 3.21%. 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 New York (4,542nd of 5,648), and 8,110th of 11,911 in health care & social assistance. active participation has grown from 1,330 to 1,600 since 2022.

Plan summary
Net assets, end of year$4,664,572
Participants with balances781
Active participants1,600
Employer contributions$1,120,394
Employee contributions—
Employer contribution per active participant$700
Average account balance$5,973
Benefits paid to participants$1,422,293
Plan auditUnmodified (clean) audit opinion
AuditorSIKICH USA CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 781 accts · $1.1M emplr
2023$4.5M · 1,254 accts · $1.9M emplr
2022$2.5M · 955 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$130,168
Investment management$3,750
Audit (IQPA)$13,500
Total administrative$147,418
The Ideal Home Health Inc. 401(k) match · 2024
Employer contribution per active participant$700
Median for plans this size$1,313
2024$700 per active participant
2023$1,378 per active participant
2022$1,323 per active participant

Ideal Home Health Inc.'s 2024 employer contribution ran below the $1,313 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.

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
ADP, INC. · Loan processing · Recordkeeping$130,168
SIKICH USA CPA LLP · Recordkeeping · Trustee$13,500
ADP BROKER-DEALER · Other servicesindirect 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, SIKICH USA CPA LLP
2023ADP, MESIROW FINANCIAL INVESTMENT MANAGE

This plan has changed recordkeepers within these filings. If you left Ideal Home Health Inc. 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).

Administrative cost history3
2024$147,418 · 3.21%
2023$120,445 · 3.43%
2022$61,865 · 3.17%
Similar plansHealth Care & Social Assistance · New York
Animoto Inc. NY$4.7M · 0.59%
New York Cares NY$4.6M · 0.02%
Farnham, Inc. NY$4.6M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260289040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.