Plan Snapshot
- Plan Sponsor: Care New England
- Sponsor EIN: 050490997
- Sponsor Address: 10 CHARLES STREET, PROVIDENCE, RI, 02904
- Plan Type: DB
- Total Participants: 1,647
- Total Assets: $135.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,647 | $135.7M | $7.2M | $0 |
| 2023 | 1,668 | $136.5M | $886,200 | $0 |
| 2022 | 1,851 | $137.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $512,661 | — | $512,661 |
| LEGAL & GENERAL INVESTMENT MGT AMER | Other Service Provider | $132,328 | — | $132,328 |
| BANK OF AMERICA | Other Service Provider | $71,381 | — | $71,381 |
| FIDUCIENT ADVISORS | Other Service Provider | $70,739 | — | $70,739 |
| LONGFELLOW INVESTMENT MANAGEMENT | Other Service Provider | $47,652 | — | $47,652 |
| ACADIAN ASSET MANAGEMENT | Other Service Provider | $35,793 | — | $35,793 |
| CBIZ CPAS P.C. | Other Service Provider | $31,665 | — | $31,665 |
| WESTFIELD CAPITAL MANAGEMENT | Other Service Provider | $20,010 | — | $20,010 |
| ABERDEEN ASSET MANAGEMENT | Other Service Provider | $18,347 | — | $18,347 |
| RYDER COURT GLOBAL | Auditor | $17,789 | — | $17,789 |
| MPS COMMUNICATIONS | Other Service Provider | $8,860 | — | $8,860 |
| MONDRIAN INVESTMENT GROUP | Other Service Provider | $8,597 | — | $8,597 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- RYDER COURT GLOBAL — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $975,822
- Estimated Expense Ratio: 0.719% 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 | $2,855,542 | $377,675 | — | $31,665 | — |
| 2023 | $3,681,073 | $398,299 | — | $48,280 | — |
| 2022 | $2,268,690 | $434,297 | — | — | $529,321 |