Plan Ledger DOL Form 5500 · updated monthly

Royal Care Certified Home Health Care, LLC401(k)

ROYAL CARE 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
1.58%

Royal Care Certified Home Health Care, LLC reported $45,532 in plan administrative expenses for 2024: 1.58% 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 2 years on file its reported administrative ratio fell from 1.89% to 1.58%. 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 (4,709th of 5,648), and 8,675th of 11,911 in health care & social assistance. active participation has grown from 4,537 to 7,265 since 2022.

Plan summary
Net assets, end of year$3,821,318
Participants with balances900
Active participants7,265
Employer contributions—
Employee contributions$1,773,266
Employer contribution per active participant—
Average account balance$4,246
Benefits paid to participants$168,970
Plan auditUnmodified (clean) audit opinion
AuditorBLATT & DAUMAN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 900 accts
2023$1.9M · 428 accts
2022$676K · 233 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,882
Total administrative$45,532
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.

Administrative cost history3
2024$45,532 · 1.58%
2023$21,114 · 1.62%
2022$7,454 · 1.89%
Similar plansHealth Care & Social Assistance · New York
Zhang Medical P.C. NY$3.8M · 0.89%
Fsnr Snf LLC NY$3.7M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471804313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.