Plan Snapshot
- Plan Sponsor: The Promptcare Companies, INC.
- Sponsor EIN: 222773861
- Sponsor Address: 41 SPRING STREET, NEW PROVIDENCE, NJ, 07976
- Plan Type: DC
- Total Participants: 869
- Total Assets: $30.3M
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 | 869 | $30.3M | $229,133 | $3.5M |
| 2023 | 795 | $26.0M | $271,841 | $3.3M |
| 2022 | 621 | $14.2M | $0 | $2.2M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | $80,768 | — | $80,768 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $79,174 | — | $79,174 |
| THE MANDMARBLESTONE GROUP LLC | CONTRACT ADMINISTRATOR | $21,418 | $13,568 | $34,986 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $194,928
- Estimated Expense Ratio: 0.644% 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 | $181,360 | $25,066 | $100,592 | — | — |
| 2023 | $153,277 | $18,215 | $94,489 | — | — |
| 2022 | $109,742 | — | $109,742 | — | — |