Plan Snapshot
- Plan Sponsor: Freedom Care LLC
- Sponsor EIN: 810913242
- Sponsor Address: 1979 MARCUS AVE C115, NEW HYDE PARK, NY, 11042
- Plan Type: 401(k)
- Total Participants: 59,655
- Total Assets: $23.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 59,655 | $23.4M | $484,480 | $6.2M |
| 2023 | 38,488 | $17.4M | $1.1M | $5.2M |
| 2022 | 24,871 | $11.3M | $1.8M | $3.9M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $484,897 | — | $484,897 |
| NORTHWESTERN MUTUAL INVESTMENT SERV | OTHER SERVICES | — | $69,187 | $69,187 |
| ORENDA RETIREMENT, LLC | CONTRACT ADMINISTRATOR | — | $9,453 | $9,453 |
| FASTEN HALBERSTAM LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL INVESTMENT SERV — OTHER SERVICES
- FASTEN HALBERSTAM LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $563,537
- Estimated Expense Ratio: 2.404% 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 | $484,897 | — | $484,897 | — | — |
| 2023 | $220,328 | — | $220,328 | — | — |
| 2022 | $64,672 | — | $64,672 | — | — |