Correct Care Solutions, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. 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.

Correct Care Solutions, Llc 401(k) Plan Facts (plan year 2019)

Plan name
CORRECT CARE SOLUTIONS, LLC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CORRECT CARE SOLUTIONS, LLC
Participants
13,549 (13,061 active employees)
Former employees with a balance
678
Plan assets
$124,593,879 at Dec 31, 2019
Average account balance
$25,774 across 4,834 accounts
Employer contributions
$928,410 in plan year 2019 (5% of all contributions)
Recordkeeper
Massachusetts Mutual Life Ins. Co.
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 2013
✓ 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 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 15, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $20.7 million went into the plan in contributions, $928,410 of it from the employer (5%).
  • $14.0 million was paid out to participants.
  • Investment and other income added $19.9 million.
  • Administrative expenses were $612,061, about $127 per account.

How the Correct Care Solutions, Llc 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014 (final)4,054$0$659,406$4.65 million
201510,355$61.4 million$2.20 million$11.0 million
201610,812$72.6 million$2.64 million$9.09 million
201711,232$93.8 million$4.66 million$9.72 million
201812,484$99.0 million$4.75 million$11.8 million
201913,549$124.6 million$928,410$14.0 million

Correct Care Solutions, Llc 401(k) Contact Information

Phone
800-592-2974
Mailing address
1283 MURFREESBORO ROAD SUITE 500, NASHVILLE TN 37217
Plan sponsor
CORRECT CARE SOLUTIONS, LLC
Employer identification number (EIN)
32-0092573
Plan number
001

Questions about the Correct Care Solutions, Llc 401(k)

Is the Correct Care Solutions, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Correct Care Solutions, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $928,410, 5% of all contributions.

Does the Correct Care Solutions, Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Correct Care Solutions, Llc 401(k) plan?

13,549 participants at the start of plan year 2019, 13,061 of them active employees, and 678 former employees who still had money in the plan.

What is the average 401(k) balance at Correct Care Solutions, Llc?

About $25,774 per account: $124.6 million in plan assets across 4,834 accounts with a balance at the end of plan year 2019.

Who manages the Correct Care Solutions, Llc 401(k) accounts?

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

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