Plan Snapshot
- Plan Sponsor: Carewell Health
- Sponsor EIN: 854153331
- Sponsor Address: 300 CENTRAL AVENUE, EAST ORANGE, NJ, 07018
- Plan Type: 401(k)
- Total Participants: 663
- Total Assets: $11.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 663 | $11.0M | $4,138 | $2.1M |
| 2023 | 693 | $9.5M | $122,363 | $2.4M |
| 2022 | 717 | $6.6M | $966,754 | $2.6M |
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 |
|---|---|---|---|---|
| BDO, USA P.C. | Auditor | $100,450 | — | $100,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO, USA P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,450
- Estimated Expense Ratio: 0.916% 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 | $100,450 | — | — | $100,450 | — |
| 2023 | $172,199 | — | $24,429 | — | — |
| 2022 | $39,740 | — | $39,740 | — | — |