Plan Snapshot
- Plan Sponsor: Alabama Medical Group P.C.
- Sponsor EIN: 202208207
- Sponsor Address: 101 MEMORIAL HOSPITAL DRIVE, MOBILE, AL, 36608
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $23.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 142 | $23.8M | $401,265 | $806,313 |
| 2023 | 145 | $21.3M | $1.7M | $778,923 |
| 2022 | 144 | $17.5M | $380,745 | $724,017 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WARREN AVERETT | Auditor | $21,500 | — | $21,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,500
- Estimated Expense Ratio: 0.090% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $98,600 | $54,650 | $22,450 | $21,500 | — |
| 2023 | $88,745 | $53,522 | $23,723 | $11,500 | — |
| 2022 | $99,973 | $60,543 | $22,930 | — | $16,500 |