Plan Snapshot
- Plan Sponsor: Nexcare Health Systems, LLC
- Sponsor EIN: 383378353
- Sponsor Address: 10503 CITATION DR SUITE 100, BRIGHTON, MI, 48116
- Plan Type: 401(k)
- Total Participants: 1,982
- Total Assets: $22.8M
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 | 1,982 | $22.8M | $276,575 | $2.0M |
| 2023 | 1,598 | $21.3M | $253,129 | $2.0M |
| 2022 | 1,469 | $18.6M | $317,541 | $2.1M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $126,566 | — | $126,566 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | — | $102,156 | $102,156 |
| PLANTE & MORAN PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $228,722
- Estimated Expense Ratio: 1.002% 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 | $126,566 | — | — | — | — |
| 2023 | $118,215 | — | — | — | — |
| 2022 | $117,490 | — | — | — | — |