Metropolitan Homecare Way401(k)
METROPOLITAN HOMECARE WAY RETIREMENT PLAN · BROOKLYN, NY · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Metropolitan Homecare Way reported $18,535 in plan administrative expenses for 2023: 12.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $232 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 26.12% to 29.51%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,531st of 5,648), and 11,624th of 11,911 in health care & social assistance.
Metropolitan Homecare Way's 2023 employer contribution ran below the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Metropolitan Homecare Way 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).
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Source: U.S. Department of Labor, Form 5500 series, EIN 204009875 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.