Plan Ledger DOL Form 5500 · updated monthly

Polaris Hcs LLC401(k)

POLARIS FUTURE YOU 401(K) PLAN · MONSEY, NY · plan year 2022

Reported admin expense ratio · 2022
1.63%

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

Polaris Hcs LLC reported $7,116 in plan administrative expenses for 2022: 1.63% of average plan assets, above the peer median. Employer contributions averaged $26 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,478th of 5,648), and 11,432nd of 11,911 in health care & social assistance. In 2022, employees put in $10.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$428,248
Participants with balances41
Active participants375
Employer contributions$9,599
Employee contributions$99,681
Employer contribution per active participant$26
Average account balance$10,445
Benefits paid to participants$75,842
Plan auditDisclaimer of opinion
AuditorALAN GOODMAN, CPA PC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,916
Professional / advisory$1,200
Total administrative$7,116
The Polaris Hcs LLC 401(k) match · 2022
Employer contribution per active participant$26
Median for plans this size$331

Polaris Hcs LLC's 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$7,116 · 1.63%
Similar plansHealth Care & Social Assistance · New York
Dragon Home Care, LLC. NY$444K · 16.46%
Empire Care Centers NY$386K · 0.63%
I & Y Senior Care, Inc. NY$379K · 5.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844373796 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.