Plan Ledger DOL Form 5500 · updated monthly

The Hospice and Palliative Care Group, Inc. dba the Homecare PartnersProfit-sharing plan

PARTNERS PENSION PLAN · LOCKPORT, NY · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

The Hospice and Palliative Care Group, Inc. dba the Homecare Partners reported $12,345 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,476 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 rose from 0.36% to 0.84%. 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 (5,176th of 5,648), and 10,229th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,789,245
Participants with balances233
Active participants183
Employer contributions$636,037
Employee contributions—
Employer contribution per active participant$3,476
Average account balance$7,679
Benefits paid to participants$164,045
Plan auditUnmodified (clean) audit opinion
AuditorJEFFREY L. OFFHAUS CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 233 accts · $636K emplr
2023$1.2M · 234 accts · $553K emplr
2022$517K · 203 accts · $531K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,345
Total administrative$12,345
Employer contributions to the The Hospice and Palliative Care Group, Inc. dba the Homecare Partners plan · 2024
Employer contribution per active participant$3,476
Median for plans this size$1,313
2024$3,476 per active participant
2023$2,710 per active participant
2022$3,105 per active participant

The Hospice and Palliative Care Group, Inc. dba the Homecare Partners's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20244
CPI QUALIFIED PLAN CONSULTANTS, INC · Recordkeeping · Participant communication$10,540
ACTUARIAL CONSULTING SERVICES, INC. · Contract administrator$1,520
ENVEST RETIREMENT SOLUTIONS · Investment advisory (plan)$285
MATRIX TRUST COMPANY · Trusteeindirect 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
2024CPI QUALIFIED PLAN CONSULTANTS, INC
2023ACTUARIAL CONSULTING SERVICES, INC., CPI QUALIFIED PLAN CONSULTANTS, INC

This plan has changed recordkeepers within these filings. If you left The Hospice and Palliative Care Group, Inc. dba the Homecare Partners before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$12,345 · 0.84%
2023$9,574 · 1.14%
2022$1,877 · 0.36%
Similar plansHealth Care & Social Assistance · New York
Champion Care, LLC NY$1.8M · 0.72%
Serene Services Inc. NY$1.8M · 0.44%
Everview Group NY$1.7M · 2.18%
Aids Community Resource NY$1.7M · 2.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562298553 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.