Plan Ledger DOL Form 5500 · updated monthly

Workcare, Inc.401(k)

WORKCARE, INC. RETIREMENT SAVINGS PLAN · ANAHEIM, CA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Workcare, Inc. reported $172,563 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $887 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 0.61% to 0.67%. 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 the 2,753rd-largest of 9,483 plans among California employers on file, and the 2,855th of 11,911 in health care & social assistance. In 2024, employees put in $6.12 for every $1.00 the employer contributed; active participation has grown from 657 to 732 since 2022.

Plan summary
Net assets, end of year$28,921,477
Participants with balances957
Active participants732
Employer contributions$649,329
Employee contributions$3,973,243
Employer contribution per active participant$887
Average account balance$30,221
Benefits paid to participants$3,643,402
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.9M · 957 accts · $649K emplr
2023$22.4M · 952 accts · $43K emplr
2022$18.6M · 832 accts · $332K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$172,563
Total administrative$172,563
The Workcare, Inc. 401(k) match · 2024
Employer contribution per active participant$887
Median for plans this size$2,416
2024$887 per active participant
2023$65 per active participant
2022$506 per active participant

Workcare, Inc.'s 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$106,064
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$62,639
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$3,861
WEALTH MANAGEMENT SYSTEMS, INC · Other servicesindirect comp

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$172,563 · 0.67%
2023$134,981 · 0.66%
2022$113,514 · 0.61%
Same employer
Similar plansHealth Care & Social Assistance · California
Community Health Group CA$29.1M · 0.54%
Nvision Eye Centers, LLC CA$28.9M · 0.64%
Marin Community Clinics CA$28.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330779311 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.