Plan Snapshot
- Plan Sponsor: Carelinc Medical Equipment & Supply Co., LLC
- Sponsor EIN: 383378161
- Sponsor Address: 89 54TH ST SW, GRAND RAPIDS, MI, 495485503
- Plan Type: 401(k)
- Total Participants: 766
- Total Assets: $19.4M
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 | 766 | $19.4M | $476,405 | $1.7M |
| 2023 | 568 | $16.6M | $368,115 | $1.3M |
| 2022 | 476 | $13.7M | $342,085 | $1.3M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | Recordkeeper | $50,779 | — | $50,779 |
| LPL FINANCIAL LLC - RPCP | Investment Advisor | $50,733 | — | $50,733 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,512
- Estimated Expense Ratio: 0.525% 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 | $101,512 | $52,708 | $48,804 | — | — |
| 2023 | $48,236 | $21,152 | $27,084 | — | — |
| 2022 | $63,915 | $42,979 | $20,936 | — | — |