CARECLOUD HEALTH, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of CARECLOUD HEALTH, INC. 401(K) PLAN is $8,135,690.This plan was established in 2014.

At the end of 2022, the total number of retirement plan participants in CARECLOUD HEALTH, INC. 401(K) PLAN is 197

In 2022, the average participant retirement account value for CARECLOUD HEALTH, INC. 401(K) PLAN is $41,297

In 2022, the estimated average employee contribution amount per participant for CARECLOUD HEALTH, INC. 401(K) PLAN is $2,035

In 2022, the estimated average employer match for an employee in CARECLOUD HEALTH, INC. 401(K) PLAN is approximately $410

In 2022, CARECLOUD HEALTH, INC. 401(K) PLAN allocates $80,772 to match its employees’ contributions, providing an employer match rate of 17.96% of their contributions

In 2022, the total retirement plan asset growth rate of CARECLOUD HEALTH, INC. 401(K) PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for CARECLOUD HEALTH, INC. 401(K) PLAN is 8.37%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of CARECLOUD HEALTH, INC. 401(K) PLAN is 0.55%.

Enrollment Features

CARECLOUD HEALTH, INC. 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.