Kentucky › Health care and social assistance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Carering 401(k) Plan
Sponsored by Carering Health, LLC, Louisville, KY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Carering Health, LLC of Louisville, Kentucky sponsors Carering 401(k) Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 1,944 participants (1,901 active) and $2.3M in net assets.
Net assets came to $1,166 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $296K during the year, or $156 per active participant against a same-size median of $2,045; participants contributed $491K. Benefits paid out totalled $605K.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $12K: $6.28 per participant, well below the same-size median of $82.08. Administrative expenses charged to the plan were $12K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $1,166 | $50,295 | $30,764 | $53,102 |
| Employer contributions per active participant | $156 | $2,045 | $1,536 | $2,175 |
| Schedule C compensation per participant | $6.28 | $82.08 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.54% | 0.17% | 0.31% | 0.26% |
| Administrative expenses per participant | $6.28 | $82.20 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$1,828,680
- Employer contributions$296,052
- Participant contributions$491,416
- Rollovers and other contributions—
- Total contributions$787,468
- Total income, including investment results$1,056,052
- Benefits paid$604,905
- Administrative expenses$12,213
- Total expenses$617,118
- Net income$438,934
- Net transfers$0
- Net assets, end of year$2,267,614
Participants
- Active participants1,901
- Retired or separated, receiving benefits10
- Retired or separated, entitled to future benefits33
- Participants with account balances230
- Total participants, end of year1,944
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| PCS Retirement LLC | Contract Administrator; Recordkeeping and information management; Consulting (general); Consulting (pension); Copying and duplicating; Participant loan processing; Participant communication | $12,213 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$12,213
- Total administrative expenses$12,213
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$2.1M · 94.4%
- Common/collective trusts$84K · 3.7%
- Cash (interest and non-interest bearing)$42K · 1.9%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCherry Bekaert LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621610: Home Health Care Services.
Similar plans in Kentucky
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Carering Health 401(k) Plan | Carering Health, LLC | 1,944 | $2.3M | $1,166 |
| Baptist Health Deaconess 401(k) Plan | Baptist Health Deaconess, LLC | 1,880 | $48.0M | $25,515 |
| New Lexington Clinic, P.S.C. Savings and Profit Sharing Plan | New Lexington Clinic, P.S.C. | 2,000 | $295M | $147,733 |
| Seven Counties Services Retirement Savings Plan | Seven Counties Services | 1,683 | $50.5M | $30,030 |
| Mountain 401(k) Plan | Mountain Plus Services, Inc. | 2,155 | $23.5M | $10,886 |
| TJ Regional Health Inc. 403(b) Plan | TJ Regional Health Inc. | 1,666 | $83.2M | $49,969 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Carering 401(k) Plan?
1,944 participants at the end of the plan year ending 31 Dec 2024, of whom 1,901 were active employees, with net assets of $2,267,614. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Carering Health, LLC contribute per participant?
The filing reports $296,052 in employer contributions for the year, which is $156 per active participant; the median for plans of the same type and size was $2,045 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $12,213 in compensation to service provider organisations, $6.28 per participant or 0.54% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $12,213. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Carering Health, LLC. Recordkeeping or administration: PCS Retirement LLC. The financial statements were audited by Cherry Bekaert LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 81-1260980, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.