Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Sykes Healthplan Services
Sykes Healthplan Services 401(k)
- Professional, scientific, and technical services
- Louisville, KY
- EIN 59-3484556
- 1 plan with Schedule H financials
- Plan year 2024
- Sykes Healthplan Services Inc
- filed as Carewise Health Holdings Inc.
Administrative expenses excluding investment management, per participant · Carewise Health Holdings, Inc. 401(k) Plan · plan year 2024
$214.63
Higher than 75% of the 24,371 plans $10 to 50M that report it.
Source
= $53,657 / 250
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010095613NAL0012266576001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010095613NAL0012266576001, received 2025-10-10
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 2025-10-10.
Cost and contributions
Administrative expenses per participant
$332.74
Higher than 77% of the 25,098 plans $10 to 50M that report it.
Source
= $83,185 / 250
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010095613NAL0012266576001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010095613NAL0012266576001, received 2025-10-10
Administrative expenses as a share of assets
0.265%
Higher than 46% of the 25,132 plans $10 to 50M that report it.
Source
= $83,185 / $31,369,346
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010095613NAL0012266576001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010095613NAL0012266576001, received 2025-10-10
Employer contributions per participant
$271
Higher than 3% of the 24,050 plans $10 to 50M that report it.
Source
= $67,762 / 250
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010095613NAL0012266576001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010095613NAL0012266576001, received 2025-10-10
Employer share of total contributions
11.3%
Higher than 7% of the 24,084 plans $10 to 50M that report it.
Source
= $67,762 / $599,299
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010095613NAL0012266576001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010095613NAL0012266576001, received 2025-10-10
Plan terms, as stated in Sykes Healthplan Services Inc's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 3D IRS pre-approved plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2F ERISA 404(c) plan · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010095613NAL0012266576001, received 2025-10-10
Full record, Carewise Health Holdings, Inc. 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CAREWISE HEALTH HOLDINGS INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Plan name | CAREWISE HEALTH HOLDINGS, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Sponsor EIN / plan number | 59-3484556 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Sponsor location | LOUISVILLE, KY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Industry (business code) | 541990, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Filing received | 2025-10-10 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Participants, beginning of year | 313 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Active participants | 103 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Participants, end of year | 299 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Participants with an account balance | 250 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Total assets, beginning of year | $28,049,814 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Total assets, end of year | $31,369,346 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Net assets, end of year | $31,369,346 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Total income | $5,244,753 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Net income | $3,319,532 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Employer contributions | $67,762 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Participant contributions | $429,037 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Other contributions (incl. rollovers) | $102,500 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Total contributions | $599,299 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Benefit payments | $1,842,036 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Total expenses (incl. benefit payments) | $1,925,221 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Total administrative expenses | $83,185 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Contract administrator fees | $53,657 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Investment advisory and management fees | $29,528 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Administrative expenses excluding investment management | $53,657 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Held in common/collective trusts | $1,072,764 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Held in mutual funds | $30,198,248 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251010095613NAL0012266576001, received 2025-10-10 |
| Independent auditor | CHERRY BEKAERT LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010095613NAL0012266576001, received 2025-10-10 |
Position = column in the DOL layout for form year 2024. Filing 20251010095613NAL0012266576001, received 2025-10-10.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| NEWPORT GROUP, INC.recordkeeper | NONE | 99 Other fees; 37 Participant loan processing; 15 Recordkeeping and information management; 64 Recordkeeping fees; 50 Direct payment from the plan | $53,657 | yes |
| PNC INSTITUTIONAL ASSET MANAGEMENT | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $29,528 | no |
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 20251010095613NAL0012266576001, received 2025-10-10.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $28,049,814 | $31,369,346 | 11.8% |
| Participants with a balance | 261 | 250 | -4.2% |
| Administrative expenses | $73,669 | $83,185 | 12.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $68,924 | $67,762 | -1.7% |
Prior filing 20241018092914NAL0032777697001, received 2024-10-18; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: CAREWISE HEALTH HOLDINGS INC.; SEC registrant: SYKES HEALTHPLAN SERVICES INC (CIK 1060340, matched by EIN).