Wellcare Management Service, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2018. 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.

Wellcare Management Service, Llc 401(k) Plan Facts (plan year 2018)

Plan name
WELL CARE HOME HEALTH CARE RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
WELLCARE MANAGEMENT SERVICE, LLC
Participants
495 (477 active employees)
Former employees with a balance
18
Plan assets
$4,243,418 at Dec 31, 2018
Average account balance
$25,718 across 165 accounts
Employer contributions
$219,231 in plan year 2018 (23% of all contributions)
Plan year
Jan 1, 2018 – Dec 31, 2018
Plan established
Jan 1, 2001
✓ 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 2018 (Jan 1, 2018 – Dec 31, 2018), filed Oct 16, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $950,395 went into the plan in contributions, $219,231 of it from the employer (23%).
  • $247,717 was paid out to participants.
  • Administrative expenses were $24,768, about $150 per account.

How the Wellcare Management Service, Llc 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2013275$1.64 million$67,759$63,685
2014331$1.95 million$72,329$47,258
2015353$2.21 million$91,289$110,808
2016379$2.84 million$127,346$45,136
2017396$3.92 million$170,121$98,045
2018495$4.24 million$219,231$247,717

Wellcare Management Service, Llc 401(k) Contact Information

Phone
919-846-1018
Mailing address
6752 PARKER FARM DRIVE STE 200, WILMINGTON NC 284053175
Plan sponsor
WELLCARE MANAGEMENT SERVICE, LLC
Employer identification number (EIN)
56-2215706
Plan number
001

Questions about the Wellcare Management Service, Llc 401(k)

Is the Wellcare Management Service, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2018, and no later filing was found under this employer's EIN.

Does Wellcare Management Service, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $219,231, 23% of all contributions.

Does the Wellcare Management Service, Llc 401(k) have automatic enrollment?

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

How many people are in the Wellcare Management Service, Llc 401(k) plan?

495 participants at the start of plan year 2018, 477 of them active employees, and 18 former employees who still had money in the plan.

What is the average 401(k) balance at Wellcare Management Service, Llc?

About $25,718 per account: $4.24 million in plan assets across 165 accounts with a balance at the end of plan year 2018.

Who manages the Wellcare Management Service, Llc 401(k) accounts?

Principal is the plan's recordkeeper, which is where participants log in to see their balance.

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