Plan Snapshot
- Plan Sponsor: Corecivic Of Tennessee, LLC
- Sponsor EIN: 621806755
- Sponsor Address: 5501 VIRGINIA WAY, BRENTWOOD, TN, 37027
- Plan Type: 401(k)
- Plan Number: 507
- Total Participants: 4,692
- Total Assets: $18.9M
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 | 4,692 | $18.9M | $38.3M | $9.7M |
| 2023 | 4,368 | $15.7M | $33.7M | $9.3M |
| 2022 | 3,760 | $11.5M | $33.6M | $10.4M |
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 |
|---|---|---|---|---|
| BOON ADMINISTRATIVE SERVICES | Other Service Provider | — | $3,028,129 | $3,028,129 |
| UNITEDHEALTHCARE SERVICES, INC. | Other Service Provider | $2,799,746 | — | $2,799,746 |
| MERCER HEALTH AND BENEFITS, LLC | Other Service Provider | — | $73,625 | $73,625 |
| COMERICA BANK, N.A. | Other Service Provider | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,907,500
- Estimated Expense Ratio: 31.300% 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 | $2,076,012 | — | $2,070,012 | — | — |
| 2023 | $2,391,235 | — | $2,385,235 | — | — |
| 2022 | $2,904,227 | $6,000 | $2,898,227 | — | — |