Plan Snapshot
- Plan Sponsor: Microcare, LLC
- Sponsor EIN: 061092951
- Sponsor Address: 595 JOHN DOWNEY DRIVE, NEW BRITAIN, CT, 06051
- Plan Type: 401(k)
- Total Participants: 123
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 123 | $11.6M | $394,609 | $903,216 |
| 2023 | 114 | $10.3M | $370,761 | $865,447 |
| 2022 | 115 | $8.2M | $326,116 | $771,410 |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $40,660 | $20,039 | — | — | — |
| 2023 | $39,852 | $20,430 | — | — | — |
| 2022 | $26,534 | $5,356 | — | — | — |