Plan Ledger DOL Form 5500 · updated monthly

Prestige Healthcare Group LLC401(k)

PRESTIGE HEALTHCARE GROUP LLC 401(K) PLAN · CLIFTON, NJ · plan year 2022

Reported admin expense ratio · 2022
2.02%

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

Prestige Healthcare Group LLC reported $4,741 in plan administrative expenses for 2022: 2.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 Jersey (2,338th of 2,419), and 11,611th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$263,926
Participants with balances37
Active participants453
Employer contributions$0
Employee contributions$111,910
Employer contribution per active participant$0
Average account balance$7,133
Benefits paid to participants$14,212
Plan auditDisclaimer of opinion
AuditorALAN GOODMAN CPA PC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$4,361
Professional / advisory$380
Total administrative$4,741
The Prestige Healthcare Group LLC 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$331

Prestige Healthcare Group 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$4,741 · 2.02%
Same employer
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Chemisys Laboratories LLC NJ$304K · 0.68%
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Turning Point, Inc. NJ$277K · 4.58%
Essex Garden Group LLC NJ$253K · 0.33%
Garden Healthcare LLC NJ$204K · 12.97%
Wecare Home Care NJ$204K · 2.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820938691 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.