Plan Snapshot
- Plan Sponsor: Theracare Of New York, INC
- Sponsor EIN: 133599274
- Sponsor Address: 888 VETERANS HIGHWAY, HAUPPAUGE, NY, 117882940
- Plan Type: 401(k)
- Total Participants: 733
- Total Assets: $29.8M
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 | 733 | $29.8M | $2,993 | $1.5M |
| 2023 | 776 | $29.8M | $0 | $1.9M |
| 2022 | 797 | $26.6M | $1,349 | $1.8M |
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 | CONTRACT ADMINISTRATOR | $208,177 | — | $208,177 |
| LEAFHOUSE FINANCIAL ADVISORS LLC | INVESTMENT ADVISORY | — | $29,238 | $29,238 |
| GRASSI & CO CPAS PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRASSI & CO CPAS PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $237,415
- Estimated Expense Ratio: 0.797% 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 | $208,393 | — | $208,393 | — | — |
| 2023 | $190,532 | — | $190,532 | — | — |
| 2022 | $198,704 | — | $198,704 | — | — |