Plan Snapshot
- Plan Sponsor: American Care INC.
- Sponsor EIN: 650712890
- Sponsor Address: 12171 SW 268TH STREET, HOMESTEAD, FL, 33032
- Plan Type: 401(k)
- Total Participants: 556
- Total Assets: $6.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 556 | $6.8M | $397,744 | $731,021 |
| 2023 | 548 | $5.8M | $360,796 | $603,953 |
| 2022 | 524 | $4.5M | $352,224 | $598,387 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $51,136 | — | $51,136 |
| MMA SECURITIES LLC | INVESTMENT ADVISOR | $15,492 | — | $15,492 |
| KAUFMAN ROSSIN & CO., PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KAUFMAN ROSSIN & CO., PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,628
- Estimated Expense Ratio: 0.977% 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 | $52,047 | $19,653 | — | — | — |
| 2023 | $41,611 | $14,868 | — | — | — |
| 2022 | $37,022 | — | $37,022 | — | — |