Plan Ledger DOL Form 5500 · updated monthly

Ultimate Care, Inc.Profit-sharing plan

ULTIMATE CARE, INC. RETIREMENT PLAN AND TRUST · BROOKLYN, 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

Ultimate Care, Inc. reported $18,522 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $142 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 3.48% 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 (4,582nd of 5,648), and 8,227th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$4,486,183
Participants with balances7,581
Active participants3,246
Employer contributions$460,529
Employee contributions$0
Employer contribution per active participant$142
Average account balance$592
Benefits paid to participants$223,286
Plan auditUnmodified (clean) audit opinion
AuditorFASTEN HALBERSTAM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 7,581 accts · $461K emplr
2023$4.1M · 6,472 accts · $523K emplr
2022$3.6M · 6,544 accts · $443K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,281
Investment management$3,241
Total administrative$18,522
Employer contributions to the Ultimate Care, Inc. plan · 2024
Employer contribution per active participant$142
Median for plans this size$1,313
2024$142 per active participant
2023$230 per active participant
2022$127 per active participant

Ultimate Care, Inc.'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 · 20244
GELMAN PENSION CONSULTING, INC. · Recordkeeping · Pension consulting$15,281
NATIONWIDE · Trustee · Investment advisory (participants)$90,860
QUINT CAPITAL CORPORATION · Investment advisory (participants) · Investment advisory (plan)indirect comp
CORNERSTONE INVESTMENTS · Investment advisory (participants) · Investment advisory (plan)indirect 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
2024GELMAN PENSION CONSULTING, INC.
2023GELMAN PENSION CONSULTING, INC.

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

Administrative cost history3
2024$18,522 · 0.43%
2023$123,708 · 3.21%
2022$134,133 · 3.48%
Same employer
Similar plansHealth Care & Social Assistance · New York
Alliance Homecare, Inc. NY$4.5M · 0.56%
At Home Care, Inc. NY$4.5M · 0.03%
Horizon Health Care NY$4.4M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112843538 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.