Plan Ledger DOL Form 5500 · updated monthly

Regency Home Health Care401(k)

REGENCY HOME HEALTHCARE 401K PLAN · MAPLE GROVE, MN · plan year 2022

Employer contribution per participant · 2022
$61

Regency Home Health Care's 2022 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 $78,702 across 18 participant accounts, with employer contributions averaging $61 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 Minnesota (1,911th of 1,918), and 11,806th of 11,911 in health care & social assistance. In 2022, employees put in $7.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$78,702
Participants with balances18
Active participants171
Employer contributions$10,447
Employee contributions$77,004
Employer contribution per active participant$61
Average account balance$4,372
Benefits paid to participants$6,203
Plan auditUnmodified (clean) audit opinion
AuditorBOYUM BARENSCHEER PLLP
The Regency Home Health Care 401(k) match · 2022
Employer contribution per active participant$61
Median for plans this size$331

Regency Home Health Care'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.

Similar plansHealth Care & Social Assistance · Minnesota
Melody Cares Inc MN$137K · 0.04%
Ywca of Minneapolis MN$135K · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 861064813 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.