# Microcare, LLC Health &amp; Welfare Plan
Source: https://planprovider.pro/companies/microcare-llc-061092951-502

> Microcare, LLC&#39;s Health &amp; Welfare plan: 80 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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