Plan Snapshot
- Plan Sponsor: The Care Team
- Sponsor EIN: 843157745
- Sponsor Address: 30600 NORTHWESTERN HWY 245, FARMINGTN HLS, MI, 483343171
- Plan Type: 401(k)
- Total Participants: 461
- Total Assets: $8.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 461 | $8.1M | $590,167 | $1.5M |
| 2023 | 562 | $6.4M | $554,688 | $1.4M |
| 2022 | 609 | $3.4M | $396,721 | $861,431 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $66,517 | — | $66,517 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | — | $13,318 | $13,318 |
| MMA SECURITIES LLC | Investment Advisor | — | $8,749 | $8,749 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — Investment Advisor
- MMA SECURITIES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,584
- Estimated Expense Ratio: 1.100% 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 | $66,517 | — | $66,517 | — | — |
| 2023 | $41,877 | — | $41,877 | — | — |
| 2022 | $29,120 | — | $29,120 | — | — |