2023 Form 5500 filing — Freedom Care 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015081948NAL0015979251001) for Freedom Care 401(K) Plan, reported by Freedom Care LLC under EIN 81-0913242 and plan number 001. It reports 26,479 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015081948NAL0015979251001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Freedom Care LLC
- EIN
- 81-0913242
- Plan number
- 001
- Location
- New Hyde Park, NY
- Participants
- 26,479
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,418,399
- Total liabilities (EOY)
- $54,412
- Net assets (EOY)
- $17,363,987
- Employer contributions
- $1,074,154
- Participant contributions
- $5,239,404
- Total income / additions
- $8,648,873
- Benefits paid
- $2,165,404
- Administrative expenses
- $220,328
- Total expenses
- $2,391,107
- Net increase / (decrease)
- $6,257,766
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $220,328 | $0 |
| Northwestern Mutual Investment Serv | OTHER SERVICES | $0 | $18,200 |
| Orenda Retirement, LLC | CONTRACT ADMINISTRATOR | $0 | $7,586 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |