Plan Ledger DOL Form 5500 · updated monthly

Recco Home Care Services, Inc.401(k)

RECCO HOME CARE SERVICES, INC. WAGE PARITY RETIREMENT PLAN · MASSAPEQUA, NY · plan year 2023

Employer contribution per participant · 2023
$449

Recco Home Care Services, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $6,678,630 across 2,013 participant accounts, with employer contributions averaging $449 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,127th of 5,648), and 7,026th of 11,911 in health care & social assistance. In 2023, the employer put in $83.52 for every $1.00 employees contributed themselves; active participation has shrunk from 4,105 to 2,314 since 2022.

Plan summary
Net assets, end of year$6,678,630
Participants with balances2,013
Active participants2,314
Employer contributions$1,038,003
Employee contributions$12,428
Employer contribution per active participant$449
Average account balance$3,318
Benefits paid to participants$277,717
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $1K emplr
2023$6.7M · 2,013 accts · $1.0M emplr
2022$5.4M · 2,145 accts · $5.1M emplr
The Recco Home Care Services, Inc. 401(k) match · 2023
Employer contribution per active participant$449
Median for plans this size$1,308
2023$449 per active participant
2022$1,249 per active participant

Recco Home Care Services, Inc.'s 2023 employer contribution ran below the $1,308 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansHealth Care & Social Assistance · New York
Cym Living LLC NY$6.8M · 0.58%
Tri-County Care, LLC NY$6.8M · 1.30%
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 112341431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.