Plan Ledger DOL Form 5500 · updated monthly

Livia Health at East Hanover L401(k)

LIVIA HEALTH AT EAST HANOVER L 401(K) PROFIT SHARING PLAN & TRUST · EAST HANOVER, NJ · plan year 2024

Reported admin expense ratio · 2024
1.16%

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

Livia Health at East Hanover L reported $13,365 in plan administrative expenses for 2024: 1.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 0.57% to 1.16%. 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 Jersey (2,196th of 2,419), and 10,599th of 11,911 in health care & social assistance. active participation has grown from 152 to 218 since 2022.

Plan summary
Net assets, end of year$1,335,285
Participants with balances347
Active participants218
Employer contributions$0
Employee contributions$400,979
Employer contribution per active participant$0
Average account balance$3,848
Benefits paid to participants$193,496
Plan auditUnmodified (clean) audit opinion
AuditorPRAGER METIS CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 347 accts
2023$976K · 326 accts
2022$600K · 268 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,587
Investment management$918
Trustee / custodial$860
Total administrative$13,365
The Livia Health at East Hanover L 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Livia Health at East Hanover L'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 · 20241
PAYCHEX, INC · Recordkeeping$11,722

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$13,365 · 1.16%
2023$5,438 · 0.69%
2022$2,963 · 0.57%
Similar plansHealth Care & Social Assistance · New Jersey
Senior Care Therapy, LLC NJ$1.3M · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611850629 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.