Plan Ledger DOL Form 5500 · updated monthly

Ncgcare, Inc.401(k)

NCGCARE, INC. 401(K) PROFIT SHARING PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

Ncgcare, Inc. reported $120,253 in plan administrative expenses for 2024: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4 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 fell from 1.00% to 0.80%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Virginia (1,176th of 2,266), and the 4,467th of 11,911 in health care & social assistance. In 2024, employees put in $294.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,133,370
Participants with balances803
Active participants1,227
Employer contributions$5,424
Employee contributions$1,598,181
Employer contribution per active participant$4
Average account balance$18,846
Benefits paid to participants$3,486,171
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 803 accts · $5K emplr
2023$14.8M · 1,172 accts
2022$12.5M · 1,364 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,749
Investment management$21,211
Total administrative$120,253
The Ncgcare, Inc. 401(k) match · 2024
Employer contribution per active participant$4
Median for plans this size$2,416
2024$4 per active participant
2022$3 per active participant

Ncgcare, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$29,657
DWC ERISA CONSULTANTS LLC · Contract administrator$41,293
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan) · Investment management$21,211

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$120,253 · 0.80%
2023$139,790 · 1.02%
2022$136,512 · 1.00%
Similar plansHealth Care & Social Assistance · Virginia
Partnermd, LLC VA$17.9M · 0.38%
Community Residences, Inc VA$16.7M · 0.30%
Buchanan General Hospital VA$15.1M · 0.58%
Dentistry Vcu VA$14.8M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474934539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.