Carolina Home Medical 401(k) match, vesting and fees
What Carolina Home Medical's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Spectrum Employee Benefits, Inc. | Schedule C ↗ |
| Independent auditor | Pbmares, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,141 defined-contribution plans in retail trade with 100 to 499 participants.
| Carolina Home Medical: employer contribution per participant | $1,816 | |
| Peer median | $1,216 |
| Carolina Home Medical: average balance | $90,974 | |
| Peer median | $50,590 |
| Carolina Home Medical: admin expenses ÷ assets | 0.33% | |
| Peer median | 0.43% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $16.7M at the end of plan year 2021 to $20.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 420 | $20.3M | $405K | $1,816 | 0.33% | Not published | Form 5500 ↗ |
| 2023 | 498 | $17.3M | $363K | $1,615 | 0.29% | Not published | Form 5500 ↗ |
| 2022 | 448 | $14M | $349K | $1,543 | 0.29% | Not published | Form 5500 ↗ |
| 2021 | 427 | $16.7M | $353K | $1,502 | 0.42% | Not published | Form 5500 ↗ |
Common questions
Does Carolina Home Medical match 401(k) contributions?
The match terms for the Carolina Home Medical, Inc. Profit Sharing Plan and Trust have not been published from its filing yet. The plan year 2024 filing reports $405K in employer contributions, about $1,816 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Carolina Home Medical 401(k) match vested?
The vesting schedule for the Carolina Home Medical, Inc. Profit Sharing Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Carolina Home Medical 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Spectrum Employee Benefits, Inc.. The plan administrator is Carolina Home Medical, Inc..
I left Carolina Home Medical. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Carolina Home Medical, Inc., (252) 639-9006) or the recordkeeper, Spectrum Employee Benefits, Inc.. The Carolina Home Medical old 401(k) page lists the contacts from every plan filing. Find an old Carolina Home Medical 401(k)
Data from the public Form 5500 annual reports Carolina Home Medical filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Carolina Home Medical. Not financial advice. Report a correction · Methodology