Plan Snapshot
- Plan Sponsor: Citadel Care Centers
- Sponsor EIN: 811619316
- Sponsor Address: 1000 GATES AVENUE, BROOKLYN, NY, 11221
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,138
- Total Assets: $2.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,138 | $2.5M | $8.6M | $2.2M |
| 2023 | 1,004 | $3.7M | $7.4M | $1.9M |
| 2022 | 1,087 | $3.7M | $7.8M | $2.3M |
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 |
|---|---|---|---|---|
| UHP ADMINISTRATORS INC. | Recordkeeper | $718,044 | — | $718,044 |
| CITADEL CONSULTING GROUP LLC | Recordkeeper | $272,946 | — | $272,946 |
| MEDTIPSTER.COM LLC | Other Service Provider | $42,763 | — | $42,763 |
| FASTEN HALBERSTAM LLP | Auditor | $9,000 | — | $9,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FASTEN HALBERSTAM LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,042,753
- Estimated Expense Ratio: 42.126% 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 | $1,045,445 | — | $1,033,753 | $9,000 | — |
| 2023 | $674,048 | — | $636,697 | $35,250 | — |
| 2022 | $674,140 | — | $655,477 | — | $18,000 |