Plan Ledger DOL Form 5500 · updated monthly

Rightway Healthcare, Inc.401(k)

RIGHTWAY HEALTHCARE 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Rightway Healthcare, Inc. reported $14,789 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. 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.

Across the 2 years on file its reported administrative ratio rose from 0.06% to 0.25%. 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 (4,007th of 5,648), and 6,667th of 11,911 in health care & social assistance. active participation has grown from 202 to 418 since 2022.

Plan summary
Net assets, end of year$7,474,034
Participants with balances390
Active participants418
Employer contributions$0
Employee contributions$2,044,493
Employer contribution per active participant$0
Average account balance$19,164
Benefits paid to participants$1,174,261
Plan auditUnmodified (clean) audit opinion
AuditorFRANK, RIMERMAN CO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 390 accts
2023$4.4M · 346 accts · $3K emplr
2022$2.6M · 285 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,405
Investment management$2,384
Total administrative$14,789
The Rightway Healthcare, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Rightway Healthcare, Inc.'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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,405

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$14,789 · 0.25%
2023$3,606 · 0.10%
2022$1,482 · 0.06%
Same employer
Similar plansHealth Care & Social Assistance · New York
The Osborne Assoc Inc NY$7.5M · 0.09%
Abilities First, Inc. NY$7.3M · 0.12%
Villa of Hope NY$7.3M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820865206 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.