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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $31,665 | — | $31,665 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,665
- Estimated Expense Ratio: 0.023% 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 |