Plan Ledger DOL Form 5500 · updated monthly

Wecare Home Care401(k)

WECARE HOME CARE 401K PLAN · CHERRY HILL, NJ · plan year 2024

Reported admin expense ratio · 2024
2.88%

Wecare Home Care reported $4,590 in plan administrative expenses for 2024: 2.88% of average plan assets, higher than ~75% of peers. 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 1 year on file its reported administrative ratio rose from 2.16% to 2.88%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (2,350th of 2,419), and 11,670th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$203,865
Participants with balances199
Active participants214
Employer contributions—
Employee contributions$122,608
Employer contribution per active participant—
Average account balance$1,024
Benefits paid to participants$45,085
Plan auditUnmodified (clean) audit opinion
AuditorMERCADIEN P. C.
Plan history2
Yearassets · accounts · employer contribution
2024$204K · 199 accts
2023$114K · 205 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,590
Total administrative$4,590
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$4,591

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history2
2024$4,590 · 2.88%
2023$1,599 · 2.16%
Similar plansHealth Care & Social Assistance · New Jersey
Essex Garden Group LLC NJ$253K · 0.33%
Garden Healthcare LLC NJ$204K · 12.97%
Yad Healthcare LLC NJ$99K · 0.54%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 262579423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.