Plan Ledger DOL Form 5500 · updated monthly

US Carenet, Inc401(k)

US CARENET, INC. 401(K) RETIREMENT PLAN · AUGUSTA, GA · plan year 2022

Reported admin expense ratio · 2022
0.06%

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

US Carenet, Inc reported $10,281 in plan administrative expenses for 2022: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged -$1 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 998th-largest of 2,160 plans among Georgia employers on file, and the 4,404th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$15,394,589
Participants with balances104
Active participants312
Employer contributions-$293
Employee contributions$479,399
Employer contribution per active participant-$1
Average account balance$148,025
Benefits paid to participants$1,636,967
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT GROUP CPA'S PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $3 emplr
2022$15.4M · 104 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$9,081
Total administrative$10,281
The US Carenet, Inc 401(k) match · 2022
Employer contribution per active participant-$1
Median for plans this size$2,266

US Carenet, Inc's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$10,281 · 0.06%
Same employer
Similar plansHealth Care & Social Assistance · Georgia
Primrose Holdings LLC GA$16.4M · 0.21%
Medcare South, LLC GA$15.4M · 0.73%
Medlink Georgia, Inc. GA$14.0M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475019190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.