Plan Ledger DOL Form 5500 · updated monthly

The British Home for Retired Men and Women401(k)

THE BRITISH HOME 401K PLAN · BROOKFIELD, IL · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

The British Home for Retired Men and Women reported $17,170 in plan administrative expenses for 2023: 0.46% of average plan assets, below the peer median. Employer contributions averaged $327 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 3 years on file its reported administrative ratio has held roughly steady near 0.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (3,093rd of 3,702), and 8,586th of 11,911 in health care & social assistance. In 2023, employees put in $3.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,949,768
Participants with balances103
Active participants143
Employer contributions$46,716
Employee contributions$168,090
Employer contribution per active participant$327
Average account balance$38,347
Benefits paid to participants$168,383
Plan auditUnmodified (clean) audit opinion
AuditorMARCUM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 96 accts · $50K emplr
2023$3.9M · 103 accts · $47K emplr
2022$3.6M · 106 accts · $49K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$424
Investment management$16,746
Total administrative$17,170
The The British Home for Retired Men and Women 401(k) match · 2023
Employer contribution per active participant$327
Median for plans this size$1,308
2024$324 per active participant
2023$327 per active participant
2022$350 per active participant

The British Home for Retired Men and Women's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$724
SAGEVIEW ADVISORY GROUP · Investment advisory (participants) · Investment advisory (plan)$16,746

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$18,237 · 0.47%
2023$17,170 · 0.46%
2022$18,005 · 0.48%
Similar plansHealth Care & Social Assistance · Illinois
Community Link, Inc. IL$4.2M · 0.17%
Friendship Manor Inc. IL$4.0M · 0.01%
Sunset Home IL$3.9M · 1.07%
Kos Services, LLC IL$3.8M · 0.83%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 362169132 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.