Plan Snapshot
- Plan Sponsor: Well Care Health, LLC
- Sponsor EIN: 841666686
- Sponsor Address: 131 RACINE DR., STE 201, WILMINGTON, NC, 284038752
- Plan Type: 401(k)
- Total Participants: 523
- Total Assets: $15.7M
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 | 523 | $15.7M | $478,564 | $1.7M |
| 2023 | 596 | $12.5M | $397,918 | $1.4M |
| 2022 | 596 | $9.6M | $405,499 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $39,788 | — | $39,788 |
| FIRST CITIZENS BANK AND TRUST CO | INVESTMENT ADVISOR | $30,000 | — | $30,000 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $6,161 | — | $6,161 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,949
- Estimated Expense Ratio: 0.483% 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 | $75,949 | $36,161 | — | — | — |
| 2023 | $64,227 | $32,805 | — | — | — |
| 2022 | $59,204 | — | $59,204 | — | — |