Plan Snapshot
- Plan Sponsor: Microcare, LLC
- Sponsor EIN: 061092951
- Sponsor Address: 595 JOHN DOWNEY DR, NEW BRITAIN, CT, 06051
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 80
- Total Assets: $10,804
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 | 80 | $10,804 | $946,773 | $185,896 |
| 2023 | 91 | $4,086 | $849,632 | $187,431 |
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 |
|---|---|---|---|---|
| WELLNET HEALTHCARE ADMINISTRATORS, | Other Service Provider | $71,055 | — | $71,055 |
| MERIDIAN RISK MANAGEMENT | Investment Advisor | $45,032 | — | $45,032 |
| THE BENECON GROUP | Investment Advisor | $20,109 | — | $20,109 |
| CONNECTCARE3 | Other Service Provider | $5,671 | — | $5,671 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $141,867
- Estimated Expense Ratio: 1313.097% 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 | $1,148,619 | — | — | — | — |
| 2023 | $1,150,078 | — | — | — | — |