Plan Ledger DOL Form 5500 · updated monthly

Kare Partners Billing & Operations, Inc.401(k)

COMPLEAT REHAB SERVICES 401(K) PLAN · GASTONIA, NC · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Kare Partners Billing & Operations, Inc. reported $26,820 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $346 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 0.07% to 0.56%. 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 North Carolina (1,461st of 2,005), and 7,892nd of 11,911 in health care & social assistance. In 2024, employees put in $4.55 for every $1.00 the employer contributed; active participation has grown from 201 to 340 since 2022.

Plan summary
Net assets, end of year$5,034,601
Participants with balances205
Active participants340
Employer contributions$117,602
Employee contributions$535,067
Employer contribution per active participant$346
Average account balance$24,559
Benefits paid to participants$586,993
Plan auditUnmodified (clean) audit opinion
AuditorPARSONS CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 205 accts · $118K emplr
2023$4.5M · 235 accts · $116K emplr
2022$3.6M · 258 accts · $101K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,820
Total administrative$26,820
The Kare Partners Billing & Operations, Inc. 401(k) match · 2024
Employer contribution per active participant$346
Median for plans this size$1,313
2024$346 per active participant
2023$417 per active participant
2022$504 per active participant

Kare Partners Billing & Operations, Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$26,820
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect 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$26,820 · 0.56%
2023$4,667 · 0.12%
2022$2,553 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Radeas LLC NC$5.1M · 0.33%
Cannon Health LLC NC$5.0M · 0.89%
Miracles in Sight NC$4.8M · 0.02%
Armstrong & Eshleman P.A. NC$4.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561677267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.