Plan Ledger DOL Form 5500 · updated monthly

Prestige Care, Inc.401(k)

PRESTIGE CARE 401(K) PLAN · VANCOUVER, WA · plan year 2023

Reported admin expense ratio · 2023
0.63%

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

Prestige Care, Inc. reported $179,762 in plan administrative expenses for 2023: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $118 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 0.64% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 506th-largest of 1,714 plans among Washington employers on file, and the 2,676th of 11,911 in health care & social assistance. In 2023, employees put in $5.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,261,800
Participants with balances1,016
Active participants4,669
Employer contributions$549,063
Employee contributions$3,264,176
Employer contribution per active participant$118
Average account balance$30,769
Benefits paid to participants$3,126,884
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.2M · 844 accts · $41K emplr
2023$31.3M · 1,016 accts · $549K emplr
2022$26.1M · 982 accts · $501K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$120,339
Investment management$59,423
Total administrative$179,762
The Prestige Care, Inc. 401(k) match · 2023
Employer contribution per active participant$118
Median for plans this size$2,440
2024$141 per active participant
2023$118 per active participant
2022$114 per active participant

Prestige Care, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$120,339
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)$53,843
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,580

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$211,030 · 0.72%
2023$179,762 · 0.63%
2022$178,891 · 0.64%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Era Living, LLC WA$33.3M · 0.40%
Inspire Development Centers WA$31.1M · 0.57%
Lifecenter Northwest WA$28.9M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911579385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.