Plan Ledger DOL Form 5500 · updated monthly

Prime Home Health Services, LLC401(k)

PRIME HOME HEALTH SERVICES, LLC 401(K) PENSION PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Prime Home Health Services, LLC reported $1,250 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $372 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 fell from 0.023% to 0.021%. 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 York (4,157th of 5,648), and 7,080th of 11,911 in health care & social assistance. In 2024, employees put in $6.26 for every $1.00 the employer contributed; active participation has grown from 171 to 243 since 2022.

Plan summary
Net assets, end of year$6,543,421
Participants with balances117
Active participants243
Employer contributions$90,423
Employee contributions$565,690
Employer contribution per active participant$372
Average account balance$55,927
Benefits paid to participants$158,430
Plan auditUnmodified (clean) audit opinion
AuditorPRAGER METIS CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 117 accts · $90K emplr
2023$5.4M · 115 accts · $78K emplr
2022$4.3M · 111 accts · $68K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,250
Total administrative$1,250
The Prime Home Health Services, LLC 401(k) match · 2024
Employer contribution per active participant$372
Median for plans this size$1,313
2024$372 per active participant
2023$386 per active participant
2022$399 per active participant

Prime Home Health Services, LLC's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$1,250 · 0.02%
2023$955 · 0.02%
2022$1,010 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · New York
Baptist Health System NY$6.7M · 0.44%
Brylin Hospitals, Inc. NY$6.6M · 0.44%
Epic Long Island, Inc. NY$6.5M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205202959 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.