Plan Ledger DOL Form 5500 · updated monthly

Magic Home Care LLC401(k)

MAGIC HOME CARE LLC 401(K) PLAN · BROOKLYN, NY · plan year 2022

Reported admin expense ratio · 2022
10.35%

Magic Home Care LLC reported $3,285 in plan administrative expenses for 2022: 10.35% of average plan assets, higher than ~90% 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,610th of 5,648), and 11,824th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$63,049
Participants with balances11
Active participants1,004
Employer contributions—
Employee contributions$61,604
Employer contribution per active participant—
Average account balance$5,732
Plan auditUnmodified (clean) audit opinion
AuditorLITVIN & ASSOCIATES INC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,274
Investment management$6
Professional / advisory$5
Total administrative$3,285
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$3,285 · 10.35%
Similar plansHealth Care & Social Assistance · New York
Emerest Health LLC NY$80K · 0.87%
Regency Health Care, Inc. NY$73K · 19.97%
Double Care Aba Pm LLC NY$55K · 0.09%
Av Pro Services, Inc. NY$35K · 34.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 275038224 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.