Plan Ledger DOL Form 5500 · updated monthly

Multi-Care Services, Inc.401(k)

MULTI-CARE 401(K) PLAN · BEDFORD HEIGHTS, OH · plan year 2022

Reported admin expense ratio · 2022
1.16%

Multi-Care Services, Inc. reported $14,244 in plan administrative expenses for 2022: 1.16% 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Ohio (3,161st of 3,295), and 10,914th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$994,533
Participants with balances56
Active participants218
Employer contributions—
Employee contributions$61,149
Employer contribution per active participant—
Average account balance$17,760
Benefits paid to participants$302,914
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$14,244
Total administrative$14,244
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$14,244 · 1.16%
Same employer
Similar plansHealth Care & Social Assistance · Ohio
Connections in Ohio OH$1.2M · 0.63%
Help Foundation, Inc. OH$1.1M · 0.53%
East Ohio Hospital LLC OH$915K · 1.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341629769 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.