Plan Snapshot
- Plan Sponsor: Minuteclinic, LLC
- Sponsor EIN: 411939629
- Sponsor Address: ONE CVS DRIVE, WOONSOCKET, RI, 028956146
- Plan Type: 401(k)
- Total Participants: 3,330
- Total Assets: $350.0M
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 | 3,330 | $350.0M | $10.0M | $21.2M |
| 2023 | 4,823 | $307.6M | $11.1M | $24.7M |
| 2022 | 4,717 | $242.5M | $9.9M | $23.3M |
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 |
|---|---|---|---|---|
| VANGUARD ADVISERS INC. | NONE | $88,520 | — | $88,520 |
| THE VANGUARD GROUP, INC. | NONE | $80,181 | — | $80,181 |
| MOSS ADAMS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VANGUARD ADVISERS INC. — NONE
- THE VANGUARD GROUP, INC. — NONE
- MOSS ADAMS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $168,701
- Estimated Expense Ratio: 0.048% 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 | $174,459 | $88,520 | — | — | — |
| 2023 | $130,219 | $27,644 | — | — | — |
| 2022 | $152,552 | $2,500 | $150,052 | — | — |