Plan Ledger DOL Form 5500 · updated monthly

Senior Care Therapy, LLC401(k)

SENIOR CARE THERAPY 401(K) PLAN · PASSAIC, NJ · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Senior Care Therapy, LLC reported $7,883 in plan administrative expenses for 2024: 0.82% of average plan assets, below the peer median. Employer contributions averaged $854 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 1 year on file its reported administrative ratio fell from 0.96% to 0.82%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (2,204th of 2,419), and 10,674th of 11,911 in health care & social assistance. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,261,390
Participants with balances67
Active participants203
Employer contributions$173,426
Employee contributions$316,407
Employer contribution per active participant$854
Average account balance$18,827
Benefits paid to participants$137,291
Plan history2
Yearassets · accounts · employer contribution
2024$1.3M · 67 accts · $173K emplr
2023$666K · 49 accts · $99K emplr
Administrative expenses, itemized · 2024
Investment management$7,883
Total administrative$7,883
The Senior Care Therapy, LLC 401(k) match · 2024
Employer contribution per active participant$854
Median for plans this size$540
2024$854 per active participant
2023$505 per active participant

Senior Care Therapy, LLC's 2024 employer contribution ran above the $540 median for plans its size. 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.

Administrative cost history2
2024$7,883 · 0.82%
2023$4,718 · 0.96%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Smh Operations, LLC NJ$1.2M · 1.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262951814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.