Plan Ledger DOL Form 5500 · updated monthly

Regency Health Care, Inc.Profit-sharing plan

REGENCY HEALTH CARE, INC. 401(K) RETIREMENT PLAN AND TRUST · BROOKLYN, NY · plan year 2022

Reported admin expense ratio · 2022
19.97%

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

Regency Health Care, Inc. reported $35,218 in plan administrative expenses for 2022: 19.97% of average plan assets, higher than ~90% 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 York (5,601st of 5,648), and 11,813th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$72,847
Participants with balances178
Active participants165
Employer contributions$0
Employee contributions$0
Employer contribution per active participant$0
Average account balance$409
Benefits paid to participants$135,658
Plan auditUnmodified (clean) audit opinion
AuditorBUCHBINDER TUNIC & COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$73K · 178 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$21,209
Professional / advisory$14,009
Total administrative$35,218
Employer contributions to the Regency Health Care, Inc. plan · 2022
Employer contribution per active participant$0
Median for plans this size$331

Regency Health Care, Inc.'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 history2
2023Not separately reported
2022$35,218 · 19.97%
Similar plansHealth Care & Social Assistance · New York
Emerest Health LLC NY$80K · 0.87%
Magic Home Care LLC NY$63K · 10.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113547543 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.