New Directions Retirement Savings Plan for Family Care Network

401(k) · DOL Form 5500 · 2024

What the Filing Says About New Directions Retirement Savings Plan for Family Care Network

New Directions Retirement Savings Plan for Family Care Network is a 401(k) retirement plan sponsored by Family Care Network, PLLC, headquartered in Washington. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $109M in total end-of-year assets and covers 494 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 911753976, and the plan has been effective since 1999-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets grew sharply from $93M at the beginning of 2024 to $109M at year-end - up 17.1%. Net assets (after liabilities) closed the year at $109M, with reported net income of $16M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Family Care Network, PLLC has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $78M to $109M, a gain of 39.8%, while reported participants moved from 435 to 494 (+13.6%). The strongest year on file by total sponsor assets was 2024 at $109M; the softest was 2022 at $78M. Year-by-year, sponsor-wide filings show: 2022 - $78M in assets across 1 plan covering 435 participants; 2023 - $93M in assets across 1 plan covering 466 participants; 2024 - $109M in assets across 1 plan covering 494 participants.

By assets, New Directions Retirement Savings Plan for Family Care Network outranks 91% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.1x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank New Directions Retirement Savings Plan for Family Care Network against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.