Plan Snapshot
- Plan Sponsor: Care Plus Nj, INC.
- Sponsor EIN: 222181654
- Sponsor Address: 1 KALISA WAY, PARAMUS, NJ, 07652
- Plan Type: 403(b)
- Total Participants: 212
- Total Assets: $22.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 212 | $22.1M | $890,369 | $922,239 |
| 2023 | 225 | $19.1M | $899,467 | $793,975 |
| 2022 | 224 | $15.4M | $860,516 | $796,584 |
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 | Recordkeeper | $64,493 | — | $64,493 |
| CETERA INVESTMENT SERVICES LLC | Investment Advisor | — | $31,424 | $31,424 |
| THE ANGELL PENSION GROUP,INC | Other Service Provider | $4,930 | $10,000 | $14,930 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $9,158 | — | $9,158 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $120,005
- Estimated Expense Ratio: 0.544% 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 | $75,953 | — | $75,953 | — | — |
| 2023 | $58,693 | — | $58,693 | — | — |
| 2022 | $42,935 | — | $42,935 | — | — |