Tender Care Medical Services, Inc.401(k)
TENDER CARE401(K) PLAN · SPRING HILL, FL · plan year 2023
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Tender Care Medical Services, Inc. reported $28,620 in plan administrative expenses for 2023: 3.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $400 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 3.20% to 3.01%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (3,345th of 3,644), and 10,847th of 11,911 in health care & social assistance. In 2023, employees put in $2.74 for every $1.00 the employer contributed.
Tender Care Medical Services, Inc.'s 2023 employer contribution ran below the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 030385189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.