Plan Ledger DOL Form 5500 · updated monthly

Waveny Care Center403(b)

WAVENY CARE CENTER TAX SHELTERED ANNUITY PLAN · NEW CANAAN, CT · plan year 2024

Reported admin expense ratio · 2024
0.37%

Waveny Care Center reported $66,030 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. 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 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (587th of 1,106), and the 3,997th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$17,866,594
Participants with balances480
Active participants449
Employer contributions—
Employee contributions$1,003,349
Employer contribution per active participant—
Average account balance$37,222
Benefits paid to participants$2,847,164
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 480 accts
2023$17.8M · 393 accts
2022$16.6M · 412 accts · $668K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,030
Total administrative$66,030
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 · 20245
FARTHER FINANCE ADVISORS LLC · Investment advisory (plan)$22,148
PASI, LLC · Contract administrator$14,327
ENVESTNET RETIREMENT SOLUTIONS, LLC$8,857
EMPOWER ADVISORY GROUP, LLC · Investment management$7,622

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

Administrative cost history3
2024$66,030 · 0.37%
2023$59,552 · 0.35%
2022$51,440 · 0.36%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Apt Foundation Inc. CT$19.6M · 0.17%
Intercommunity, Inc. CT$19.4M · 0.09%
Access Rehab Centers, LLC CT$18.4M · 0.47%
Abilis, Inc. CT$18.2M · 0.30%
Bhcare, Inc. CT$17.7M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060859588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.