Plan Snapshot
- Plan Sponsor: Absolutecare, LLC
- Sponsor EIN: 522260078
- Sponsor Address: 10175 LITTLE PATUXENT PARKWAY, COLUMBIA, MD, 21044
- Plan Type: 401(k)
- Total Participants: 454
- Total Assets: $12.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 454 | $12.2M | $227,838 | $2.4M |
| 2023 | 431 | $9.4M | $0 | $2.3M |
| 2022 | 378 | $7.7M | $68,595 | $2.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TRANSAMERICA | Recordkeeper | $60,021 | — | $60,021 |
| FUTUREPLAN BY ASCENSUS | Recordkeeper | $25,915 | $13 | $25,928 |
| LPL FINANCIAL CORPORATION | Investment Advisor | $21,128 | — | $21,128 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA — Recordkeeper
- FUTUREPLAN BY ASCENSUS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,077
- Estimated Expense Ratio: 0.880% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $123,449 | — | $123,449 | — | — |
| 2023 | $87,734 | — | $87,734 | — | — |
| 2022 | $69,627 | — | $69,627 | — | — |