# Carewell Health 401(k) Plan
Source: https://planprovider.pro/companies/carewell-health-401k-plan

> Carewell Health's 401(k) plan: 663 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/bdo-usa-pc) — 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|—|—|

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