Plan Snapshot
- Plan Sponsor: Care New England
- Sponsor EIN: 050490997
- Sponsor Address: 10 CHARLES STREET, SUITE 250, PROVIDENCE, RI, 02904
- Plan Type: 403(b)
- Total Participants: 7,611
- Total Assets: $570.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 7,611 | $570.4M | $20.5M | $24.9M |
| 2023 | 7,381 | $515.6M | $19.8M | $24.0M |
| 2022 | 7,471 | $427.3M | $19.3M | $22.8M |
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 |
|---|---|---|---|---|
| CBIZ CPAS PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $557,749 | — | — | — | — |
| 2023 | $587,572 | — | — | — | — |
| 2022 | $561,911 | — | — | — | — |