Plan Ledger DOL Form 5500 · updated monthly

Paramount Care Centers, LLC401(k)

PARAMOUNT CARE CENTERS, LLC 401(K) PLAN · NEWARK, NJ · plan year 2022

Reported admin expense ratio · 2022
1.18%

Paramount Care Centers, LLC reported $36,729 in plan administrative expenses for 2022: 1.18% 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 New Jersey (2,054th of 2,419), and 9,279th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,980,001
Participants with balances264
Active participants1,099
Employer contributions—
Employee contributions$444,618
Employer contribution per active participant—
Average account balance$11,288
Benefits paid to participants$296,252
Plan auditDisclaimer of opinion
AuditorEFPR GROUP CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 228 accts
2023$2.3M · 240 accts
2022$3.0M · 264 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$18,356
Investment management$14,448
Total administrative$36,729
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.

Recordkeeper by year2
2024John Hancock
2023ACTUARIAL IDEAS, INC, John Hancock

This plan has changed recordkeepers within these filings. If you left Paramount Care Centers, LLC 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).

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022$36,729 · 1.18%
Similar plansHealth Care & Social Assistance · New Jersey
Cch Healthcare LLC NJ$3.2M · 1.38%
Caresense Health LLC NJ$3.2M · 0.50%
Enable, Inc. NJ$3.0M · 0.26%
Bergen's Promise, Inc. NJ$2.9M · 0.47%
Sportsmed Pt LLC NJ$2.9M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833422936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.