# Freedom Care LLC 401(k) Plan
Source: https://planprovider.pro/companies/freedom-care-llc-401k-plan

> Freedom Care LLC's 401(k) plan: 59,655 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/northwestern-mutual) — OTHER SERVICES

- [FASTEN HALBERSTAM LLP](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/freedom-care-llc-401k-plan)

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