Plan Snapshot
- Plan Sponsor: Charleston Healthcare Group, LLC
- Sponsor EIN: 471406524
- Sponsor Address: 127 W. BROAD ST., SUITE 840, LAKE CHARLES, LA, 70601
- Plan Type: 401(k)
- Total Participants: 375
- Total Assets: $980,788
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 | 375 | $980,788 | $81,869 | $144,323 |
| 2023 | 313 | $879,905 | $84,833 | $155,193 |
| 2022 | 385 | $692,648 | $85,160 | $137,148 |
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 |
|---|---|---|---|---|
| ERICKSEN KRENTEL, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $237,366 | — | $22,895 | — | — |
| 2023 | $166,170 | — | $14,233 | — | — |
| 2022 | $12,003 | — | — | — | $12,003 |