Plan Snapshot
- Plan Sponsor: Carerite Centers, LLC
- Sponsor EIN: 452505538
- Sponsor Address: 36 AIRPORT ROAD, LAKEWOOD, NJ, 08701
- Plan Type: 401(k)
- Total Participants: 2,409
- Total Assets: $31.8M
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 | 2,409 | $31.8M | $329 | $2.2M |
| 2023 | 2,271 | $30.8M | $212,271 | $2.2M |
| 2022 | 401 | $27.5M | $197,229 | $2.2M |
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 |
|---|---|---|---|---|
| ROBIN S. WEINGAST & ASSOCIATES, INC | CONTRACT ADMIN | $140,953 | — | $140,953 |
| EMPOWERANNUITYINSURANCECOMPANYOFAME | RECORDKEEPER PROVIDER | $68,895 | — | $68,895 |
| LEAFHOUSE FINANCIAL ADVISORS LLC | OTHER ADMINISTRATOR | $15,694 | — | $15,694 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $9,998 | — | $9,998 |
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $235,540
- Estimated Expense Ratio: 0.740% 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 | $199,018 | $199,018 | — | — | — |
| 2023 | $173,215 | $173,215 | — | — | — |
| 2022 | $182,485 | $182,485 | — | — | — |