Plan Snapshot
- Plan Sponsor: Commonwealth Care Alliance
- Sponsor EIN: 043756900
- Sponsor Address: 30 WINTER ST., BOSTON, MA, 02108
- Plan Type: 401(k)
- Total Participants: 1,689
- Total Assets: $128.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,689 | $128.4M | $7.6M | $16.2M |
| 2023 | 1,808 | $106.5M | $8.6M | $17.2M |
| 2022 | 68 | $1.4M | $90,600 | $166,294 |
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 |
|---|---|---|---|---|
| AAFCPAS INC. | Auditor | $17,000 | — | $17,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,000
- Estimated Expense Ratio: 0.013% 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 | $170,870 | — | — | $17,000 | — |
| 2023 | $6,560,010 | — | $89,111 | — | — |
| 2022 | $16,746 | — | $1,322 | — | — |