Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › CareCloud
CareCloud 401(k)
- CCLD Nasdaq
- Professional, scientific, and technical services
- Somerset, NJ
- EIN 22-3832302
- 1 plan with Schedule H financials
- Plan year 2024
- CareCloud, Inc.
- filed as Carecloud, Inc.
Administrative expenses excluding investment management, per participant · Carecloud, Inc.401(k) Plan · plan year 2024
$122.16
Higher than 51% of the 24,371 plans $10 to 50M that report it.
Source
= $44,955 / 368
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250730141132NAL0002429587001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730141132NAL0002429587001, received 2025-07-30
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-30.
Cost and contributions
Administrative expenses per participant
$247.68
Higher than 62% of the 25,098 plans $10 to 50M that report it.
Source
= $91,146 / 368
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730141132NAL0002429587001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730141132NAL0002429587001, received 2025-07-30
Administrative expenses as a share of assets
0.372%
Higher than 64% of the 25,132 plans $10 to 50M that report it.
Source
= $91,146 / $24,512,974
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730141132NAL0002429587001, received 2025-07-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250730141132NAL0002429587001, received 2025-07-30
Employer contributions per participant
$916
Higher than 16% of the 24,050 plans $10 to 50M that report it.
Source
= $336,962 / 368
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730141132NAL0002429587001, received 2025-07-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730141132NAL0002429587001, received 2025-07-30
Employer share of total contributions
24.8%
Higher than 39% of the 24,084 plans $10 to 50M that report it.
Source
= $336,962 / $1,360,267
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730141132NAL0002429587001, received 2025-07-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250730141132NAL0002429587001, received 2025-07-30
Plan terms, as stated in CareCloud, Inc.'s SEC filings
Plan terms are described in CareCloud, Inc.'s SEC filings: Form 10-K filed 2026-03-12. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 3D IRS pre-approved plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2F ERISA 404(c) plan · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250730141132NAL0002429587001, received 2025-07-30
Full record, Carecloud, Inc.401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CARECLOUD, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Plan name | CARECLOUD, INC.401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Sponsor EIN / plan number | 22-3832302 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Sponsor location | SOMERSET, NJ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Industry (business code) | 541990, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Filing received | 2025-07-30 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Participants, beginning of year | 544 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Active participants | 236 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Participants, end of year | 442 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Participants with an account balance | 368 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Total assets, beginning of year | $22,634,127 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Total assets, end of year | $24,512,974 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Net assets, end of year | $24,512,974 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Total income | $5,632,393 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Net income | $1,878,847 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Employer contributions | $336,962 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Participant contributions | $1,023,305 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Total contributions | $1,360,267 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Benefit payments | $3,662,400 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Total expenses (incl. benefit payments) | $3,753,546 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Total administrative expenses | $91,146 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Contract administrator fees | $44,955 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Investment advisory and management fees | $46,191 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Administrative expenses excluding investment management | $44,955 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Held in common/collective trusts | $1,491,538 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Held in mutual funds | $19,471,359 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250730141132NAL0002429587001, received 2025-07-30 |
| Independent auditor | LBMC, PC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250730141132NAL0002429587001, received 2025-07-30 |
Position = column in the DOL layout for form year 2024. Filing 20250730141132NAL0002429587001, received 2025-07-30.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NFP RETIREMENT | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $46,191 | no |
| THE VANGUARD GROUP, INC.recordkeeper | NONE | 99 Other fees; 15 Recordkeeping and information management; 64 Recordkeeping fees; 37 Participant loan processing; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 68 Soft dollars commissions | $44,955 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250730141132NAL0002429587001, received 2025-07-30.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $22,634,127 | $24,512,974 | 8.3% |
| Participants with a balance | 445 | 368 | -17.3% |
| Administrative expenses | $72,341 | $91,146 | 26.0% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $471,548 | $336,962 | -28.5% |
Prior filing 20240730090723NAL0011682707001, received 2024-07-30; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: CARECLOUD, INC.; SEC registrant: CareCloud, Inc. (CIK 1582982, matched by EIN).