Retirement plan

401(K) PLAN OF CARE PLUS BERGEN FOR NON-UNION EMPLOYEES

Name: CARE PLUS BERGEN, INC. - 401(K) PLAN OF CARE PLUS BERGEN FOR NON-UNION EMPLOYEES (2024) Form 5500
Creator: CARE PLUS BERGEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN OF CARE PLUS BERGEN FOR NON-UNION EMPLOYEES, CARE PLUS BERGEN, INC.

CARE PLUS BERGEN, INC.EIN 82-2081292Plan #001PY 2024

230 EAST RIDGEWOOD AVENUE - PARAMUS, NJ 07652201-967-4159careplusnj.orgLinkedIn501-1000 employeesindividual & family services

Other plans on this EIN

1 filing

#002Retirement-$78.0M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$36.4M

+13.8% from 2023

Total participants

788

+18.9% from 2023

Average account balance

$72,147

+3.9% from 2023

Annual return

14.90%

-2.25 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$36.36M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

Not enough data

1 years with per-participant data

Participants with account balance

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

504

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

56.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$288

Not enough data

1 years with admin cost on file

Asset composition

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

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
TIAA5 years Service code 15 · EIN 13-1624203	Recordkeeping	$121,617
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 28 · EIN 26-0058143	Investment Management	$17,103

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$145K

$224 / participant

Recordkeeping$25K17.6%
Investment mgmt$17K11.8%
Contract admin$96K66.2%
Other / not subdivided$6K4.4%

% of EOY assets

0.399%

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: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,147

$50,902+41.7%

$155,534-53.6%

$77,736-7.2%

Participation rate

56.2%

63.1%-6.9pp

78.2%-22.0pp

70.6%-14.3pp

Annual return

14.90%

34.85%-19.9pp

64.92%-50.0pp

31.26%-16.4pp

Employer contribution / active EE

$732

$1,991-63.2%

$4,675-84.3%

$2,728-73.2%

Participant deferral / active EE

$4,318

$2,824+52.9%

$5,630-23.3%

$4,651-7.1%

Admin fee / account holder

$288

$437-34.1%

$15,900-98.2%

$433-33.6%

Provider

Service type

Compensation

TIAA5 years

Service code 15 · EIN 13-1624203

Recordkeeping

$121,617

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 28 · EIN 26-0058143

Investment Management

$17,103

401(K) PLAN OF CARE PLUS BERGEN FOR NON-UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN OF CARE PLUS BERGEN FOR NON-UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

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