Plan Ledger DOL Form 5500 · updated monthly

Preferred Home Health Care & Nursing Services, Inc.401(k)

PREFERRED HOME CARE 401(K) PLAN · EATONTOWN, NJ · plan year 2024

Reported admin expense ratio · 2024
1.03%

Preferred Home Health Care & Nursing Services, Inc. reported $95,192 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~75% 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.

Across the 2 years on file its reported administrative ratio rose from 0.76% to 1.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,531st of 2,419), and the 5,778th of 11,911 in health care & social assistance. active participation has grown from 1,059 to 1,437 since 2022.

Plan summary
Net assets, end of year$9,768,145
Participants with balances358
Active participants1,437
Employer contributions—
Employee contributions$1,237,507
Employer contribution per active participant—
Average account balance$27,285
Benefits paid to participants$972,768
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 358 accts
2023$8.6M · 340 accts
2022$7.6M · 364 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,192
Total administrative$95,192
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 · 20241
EQUITABLE ADVISORS LLCindirect comp

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

Administrative cost history3
2024$95,192 · 1.03%
2023$69,653 · 0.86%
2022$60,941 · 0.76%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Pathline, LLC NJ$10.0M · 0.57%
Kadiant, LLC NJ$9.9M · 1.31%
Spectrum for Living NJ$9.8M · 0.03%
Scarc, Inc NJ$9.7M · 0.59%
Carewell Health NJ$9.4M · 2.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223607563 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.