Plan Snapshot
- Plan Sponsor: Amarillo Medical Specialists, LLP
- Sponsor EIN: 752562354
- Sponsor Address: 1215 SOUTH COULTER SUITE 400, AMARILLO, TX, 79106
- Plan Type: 401(k)
- Total Participants: 172
- Total Assets: $32.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 172 | $32.4M | $1.0M | $906,483 |
| 2023 | 133 | $27.7M | $950,362 | $821,903 |
| 2022 | 134 | $22.1M | $1.2M | $830,810 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $48,323 | — | $48,323 |
| AMARILLO NATIONAL BANK | INVESTMENT ADVISOR | $38,447 | — | $38,447 |
| JOHNSON AND SHELDON PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHNSON AND SHELDON PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,770
- Estimated Expense Ratio: 0.267% 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 | $91,269 | $42,946 | — | — | — |
| 2023 | $74,883 | $35,632 | — | — | — |
| 2022 | $84,584 | $37,638 | $46,946 | — | — |