Home Care Specialists, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Home Care Specialists, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Home Care Specialists, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Home Care Specialists, Inc. under EIN 04-2672383 and plan number 005. The latest loaded filing year is 2023. The filing reports 88 participants and $2,662,014 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.7MPlan net assets, end of year$2,662,014
Participants88Covered participants reported
Assets / participant$30.3KComputed: assets ÷ participants$30,250 (computed)
Provider compensationNone reported
Plan sponsor
Home Care Specialists, Inc.
EIN
04-2672383
Plan number
005
Plan type
2
Location
Haverhill, MA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202388I20241011074051NAL0012263203001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$2.7M total assets
Net assets$2.7MLiabilities$0
Money in vs. money out
Total income / additions$529.4K
Total expenses$182.4K
Benefits paid / distributions$172.1K
Contributions
Employer$55.3K
Participant$78.6K
Full reported line items

Net assets

Total assets (EOY)
$2,662,014
Total liabilities (EOY)
$0
Net assets (EOY)
$2,662,014
Net assets (BOY)
$2,314,938

Income & contributions

Employer contributions
$55,306
Participant contributions
$78,620
Total income / additions
$529,432

Expenses & distributions

Benefits paid
$172,067
Administrative expenses
$10,256
Total expenses
$182,356
Net increase / (decrease)
$347,076
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 41%Participant 59%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income33%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages