Plan Ledger DOL Form 5500 · updated monthly

Star Multi Care Holding Corp401(k)

STAR MULTI CARE HOLDING CORP CASH OR DEFERRED PLAN & TRUST · MELVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Star Multi Care Holding Corp reported $11,440 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $424 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 fell from 0.53% to 0.43%. 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 (4,910th of 5,648), and 9,269th of 11,911 in health care & social assistance. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has shrunk from 430 to 362 since 2022.

Plan summary
Net assets, end of year$2,992,045
Participants with balances192
Active participants362
Employer contributions$153,535
Employee contributions$433,913
Employer contribution per active participant$424
Average account balance$15,584
Benefits paid to participants$279,643
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 192 accts · $154K emplr
2023$2.4M · 189 accts · $56K emplr
2022$1.9M · 150 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,440
Total administrative$11,440
The Star Multi Care Holding Corp 401(k) match · 2024
Employer contribution per active participant$424
Median for plans this size$1,313
2024$424 per active participant
2023$132 per active participant
2022$105 per active participant

Star Multi Care Holding Corp'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$11,439
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$11,440 · 0.43%
2023$10,342 · 0.49%
2022$10,302 · 0.53%
Similar plansHealth Care & Social Assistance · New York
Wheel Chair Home, Inc. NY$3.0M · 0.93%
Workfit Medical LLC NY$2.9M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412280745 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.