Plan Ledger DOL Form 5500 · updated monthly

Nextcare, Inc.401(k)

NEXTCARE, INC. 401(K) PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Nextcare, Inc. reported $98,799 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $235 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 0.56% to 0.64%. 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 the 427th-largest of 1,285 plans among Arizona employers on file, and the 4,254th of 11,911 in health care & social assistance. In 2024, employees put in $5.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,251,186
Participants with balances676
Active participants1,235
Employer contributions$289,719
Employee contributions$1,582,792
Employer contribution per active participant$235
Average account balance$24,040
Benefits paid to participants$1,798,485
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 676 accts · $290K emplr
2023$14.5M · 644 accts · $297K emplr
2022$13.1M · 631 accts · $278K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,120
Investment management$20,952
Total administrative$98,799
The Nextcare, Inc. 401(k) match · 2024
Employer contribution per active participant$235
Median for plans this size$2,416
2024$235 per active participant
2023$255 per active participant
2022$217 per active participant

Nextcare, 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 · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,212
BAYNTREE WEALTH ADVISORS, LLC · Investment advisory (participants)$15,448
ALLIANT RETIREMENT SERVICES, INC. · Investment advisory (participants)$5,504

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$98,799 · 0.64%
2023$90,997 · 0.66%
2022$79,158 · 0.56%
Same employer
Similar plansHealth Care & Social Assistance · Arizona
Spooner, Inc. AZ$17.7M · 0.67%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 860727095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.