Plan Ledger DOL Form 5500 · updated monthly

Richmond Health Care, Inc.ESOP

SUNRISE HEALTH CENTER EMPLOYEE STOCK OWNERSHIP PLAN · SUNRISE, FL · plan year 2022

Reported admin expense ratio · 2022
19.82%

Richmond Health Care, Inc. reported $277,618 in plan administrative expenses for 2022: 19.82% of average plan assets, higher than ~90% of peers. 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 1 year on file its reported administrative ratio fell from 19.82% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (3,112th of 3,644), and 10,067th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,981,330
Participants with balances343
Active participants0
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$5,776
Benefits paid to participants$1,888,254
Plan auditUnmodified (clean) audit opinion
AuditorMSL, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$1.4M · 343 accts
2022$2.0M · 343 accts
Administrative expenses, itemized · 2022
Professional / advisory$277,618
Total administrative$277,618
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 history3
2024Not separately reported
2023$12,950 · 0.78%
2022$277,618 · 19.82%
Similar plansHealth Care & Social Assistance · Florida
Broward House, Inc. FL$2.2M · 0.72%
Rehab Department, LLC FL$2.1M · 1.66%
Etairos Health, Inc. FL$2.1M · 0.59%
Community Supports, Inc. FL$1.9M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581458286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.