Caremount Medical, P.c. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Caremount Medical, P.c. 401(k) Plan Facts (plan year 2020)

Plan name
CAREMOUNT MEDICAL INCENTIVE SAVINGS AND PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CAREMOUNT MEDICAL, P.C.
Participants
3,082 (2,692 active employees)
Former employees with a balance
524
Plan assets
$520,623,251 at Dec 31, 2020
Average account balance
$164,911 across 3,157 accounts
Employer contributions
$19,844,107 in plan year 2020 (47% of all contributions)
Recordkeeper
Massachusetts Mutual Life Insurance
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
May 1, 1968
✓ Employer contributions✓ Automatic enrollment— Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 5, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $42.4 million went into the plan in contributions, $19.8 million of it from the employer (47%).
  • $18.3 million was paid out to participants.
  • Investment and other income added $67.9 million.
  • Administrative expenses were $995,066, about $315 per account.

How the Caremount Medical, P.c. 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20152,472$228.3 million$13.7 million$5.07 million
20162,415$264.8 million$14.9 million$9.98 million
20172,559$326.4 million$15.2 million$15.6 million
20182,718$330.0 million$17.0 million$12.7 million
20192,953$429.8 million$19.4 million$12.9 million
20203,082$520.6 million$19.8 million$18.3 million

Caremount Medical, P.c. 401(k) Contact Information

Phone
952-936-1300
Mailing address
9900 BREN ROAD EAST MN008-R120, MINNETONKA MN 55343
Plan sponsor
CAREMOUNT MEDICAL, P.C.
Plan administrator
UNITEDHEALTH GROUP EMPLOYEE BENEFITS PLANS ADMINISTRATIVE COMMITTEE
Employer identification number (EIN)
13-3544120
Plan number
001

Questions about the Caremount Medical, P.c. 401(k)

Is the Caremount Medical, P.c 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does Caremount Medical, P.c contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $19.8 million, 47% of all contributions.

Does the Caremount Medical, P.c 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Caremount Medical, P.c 401(k) plan?

3,082 participants at the start of plan year 2020, 2,692 of them active employees, and 524 former employees who still had money in the plan.

What is the average 401(k) balance at Caremount Medical, P.c?

About $164,911 per account: $520.6 million in plan assets across 3,157 accounts with a balance at the end of plan year 2020.

Who manages the Caremount Medical, P.c 401(k) accounts?

Empower (listed on the filing as MASSACHUSETTS MUTUAL LIFE INSURANCE) is the plan's recordkeeper, which is where participants log in to see their balance.

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