Plan Snapshot
- Plan Sponsor: American Healthcare, LLC
- Sponsor EIN: 241904577
- Sponsor Address: 3131 ELECTRIC ROAD, ROANOKE, VA, 24018
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,715
- Total Assets: $20.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,715 | $20.7M | $0 | $0 |
| 2024 | 1,583 | $17.7M | $323,688 | $1.6M |
| 2023 | 1,458 | $17.1M | $281,744 | $1.4M |
| 2022 | 1,454 | $14.4M | $255,705 | $1.3M |
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 |
|---|---|---|---|---|
| EMPLOYEE BENEFITS SERVICES | Recordkeeper | $30,991 | — | $30,991 |
| JOHN HANCOCK LIFE INSURANCE CO USA | Recordkeeper | $19,203 | — | $19,203 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,194
- Estimated Expense Ratio: 0.242% 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 |
|---|---|---|---|---|---|
| 2025 | $1,644,638 | $3,681 | $167,286 | — | — |
| 2024 | $141,525 | $3,431 | $119,774 | — | — |
| 2023 | $119,557 | $1,777 | $117,780 | — | — |
| 2022 | $132,515 | — | $132,515 | — | — |