Plan Snapshot
- Plan Sponsor: Bryn Mawr Medical Specialists Association
- Sponsor EIN: 231714249
- Sponsor Address: 825 OLD LANCASTER ROAD, SUITE 320, BRYN MAWR, PA, 19010
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 221
- Total Assets: $536,607
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 221 | $536,607 | $2.5M | $1.0M |
| 2023 | 370 | $346,433 | $1.7M | $1.1M |
| 2022 | 356 | $1.1M | $2.7M | $358,752 |
| 2021 | 297 | $294,137 | $2.1M | $321,262 |
| 2020 | 297 | $822,906 | $2.1M | $296,068 |
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 |
|---|---|---|---|---|
| ONEDIGITAL (PHILADELPHIA) | Investment Advisor | $76,435 | — | $76,435 |
| THE BENECON GROUP | Investment Advisor | $43,023 | — | $43,023 |
| INDEPENDENCE ADMINISTRATORS (IA) | Other Service Provider | $25,416 | — | $25,416 |
| CONNECTCARE3 | Other Service Provider | $13,603 | — | $13,603 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $158,477
- Estimated Expense Ratio: 29.533% 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 | $159,217 | — | $159,217 | — | — |
| 2023 | $216,420 | — | $216,420 | — | — |
| 2022 | $194,533 | — | $194,533 | — | — |
| 2021 | $179,267 | — | $179,267 | — | — |
| 2020 | $173,327 | — | $173,327 | — | — |