Retirement plan

CARE NEW ENGLAND PENSION PLAN

Name: CARE NEW ENGLAND - CARE NEW ENGLAND PENSION PLAN (2024) Form 5500
Creator: CARE NEW ENGLAND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARE NEW ENGLAND PENSION PLAN, CARE NEW ENGLAND

CARE NEW ENGLANDEIN 05-0490997Plan #001PY 2024

10 CHARLES STREET, SUITE 250 - PROVIDENCE, RI 02904401-453-7900carenewengland.orgLinkedIn5001-10000 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$570.4M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed July 22, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

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Total assets (EOY)

$135.7M

-4.2% from 2016

Total participants

3,375

-2.4% from 2016

Average account balance

No prior year

Annual return

0.90%

-15.25 pp from 2016

Benchmarks

See 88 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants1,000-4,999

Cohort88 peers

Snapshot2024

Participant deferral / active EE

median $93

Employer contribution / active EE

$4,383

median $6,672

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

0.90%

median 5.50%

Overall peer rank

21of 100

21st percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$135.71M

Average account balance

Total assets / participants with a balance (line 6g)

$40K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,728

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$7.22M

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+0.90%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC6 years Service code 11 · EIN 53-0181291	Actuarial	$512,661
LEGAL & GENERAL INVESTMENT6 years Filed as: LEGAL & GENERAL INVESTMENT MGT AMER Service code 28 71 SOUTH WACKER AVENUE · CHICAGO, IL 60606	Investment Management	$132,328
THE BANK OF NEW YORK MELLON10+ years Filed as: BANK OF AMERICA Service code 21 · EIN 56-2215036	Bank Trustee	$71,381
FIDUCIENT ADVISORS LLC4 years Filed as: FIDUCIENT ADVISORS Service code 27 · EIN 36-4001764	Advisory (Plan)	$70,739
JP MORGAN INVESTMENT MANAGEMENT INC9 years Filed as: LONGFELLOW INVESTMENT MANAGEMENT Service code 28 20 WINTHROP SQUARE · BOSTON, MA 02110	Investment Management	$47,652
ACADIAN ASSET MANAGEMENT LLC10+ years Filed as: ACADIAN ASSET MANAGEMENT Service code 28 · EIN 04-2929221	Investment Management	$35,793
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ CPAS P.C. Service code 10 · EIN 43-1947695	Accounting	$31,665
WESTFIELD CAPITAL MANAGEMENT7 years Service code 21 · EIN 80-0175963	Bank Trustee	$20,010
ABERDEEN ASSET MANAGEMENT, INC.10+ years Filed as: ABERDEEN ASSET MANAGEMENT Service code 21 · EIN 51-0368279	Bank Trustee	$18,347
RYDER COURT GLOBAL6 years Service code 10 · EIN 27-1516157	Accounting	$17,789

Enrolled actuary

1 attachment

G. WILSON LOWRY

WILLIS TOWERS WATSON US LLC

Enrollment #2304268

75 ARLINGTON STREET

FLOOR 2

BOSTON, MA 02116

(617) 638-3700

Signed 2025-09-11

Plan features & details

Pension benefit codes1A1C3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.9M

$1734 / participant

Trustee / custodial$71K2.5%
Investment mgmt$378K13.2%
Actuarial$508K17.8%
Other / not subdivided$2M66.5%

% of EOY assets

2.104%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $31,665
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$329,695-100.0%

Participation rate

0.0%

0.0%0pp

43.4%-43.4pp

0.0%0pp

Annual return

0.90%

5.48%-4.6pp

9.82%-8.9pp

9.30%-8.4pp

Employer contribution / active EE

$4,383

$9,127-52.0%

$30,322-85.5%

$12,551-65.1%

Participant deferral / active EE

$999-100.0%

$66-100.0%

$2,867-100.0%

Admin fee / account holder

$53,840-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC6 years

Service code 11 · EIN 53-0181291

Actuarial

$512,661

LEGAL & GENERAL INVESTMENT6 years

Filed as: LEGAL & GENERAL INVESTMENT MGT AMER

Service code 28

71 SOUTH WACKER AVENUE · CHICAGO, IL 60606

Investment Management

$132,328

THE BANK OF NEW YORK MELLON10+ years

Filed as: BANK OF AMERICA

Service code 21 · EIN 56-2215036

Bank Trustee

$71,381

FIDUCIENT ADVISORS LLC4 years

Filed as: FIDUCIENT ADVISORS

Service code 27 · EIN 36-4001764

Advisory (Plan)

$70,739

JP MORGAN INVESTMENT MANAGEMENT INC9 years

Filed as: LONGFELLOW INVESTMENT MANAGEMENT

Service code 28

20 WINTHROP SQUARE · BOSTON, MA 02110

Investment Management

$47,652

ACADIAN ASSET MANAGEMENT LLC10+ years

Filed as: ACADIAN ASSET MANAGEMENT

Service code 28 · EIN 04-2929221

Investment Management

$35,793

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ CPAS P.C.

Service code 10 · EIN 43-1947695

Accounting

$31,665

WESTFIELD CAPITAL MANAGEMENT7 years

Service code 21 · EIN 80-0175963

Bank Trustee

$20,010

ABERDEEN ASSET MANAGEMENT, INC.10+ years

Filed as: ABERDEEN ASSET MANAGEMENT

Service code 21 · EIN 51-0368279

Bank Trustee

$18,347

RYDER COURT GLOBAL6 years

Service code 10 · EIN 27-1516157

Accounting

$17,789

CARE NEW ENGLAND PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

G. WILSON LOWRY

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARE NEW ENGLAND PENSION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

G. WILSON LOWRY

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion