Plan Snapshot
- Plan Sponsor: Clinical Associates, P.A.
- Sponsor EIN: 465765243
- Sponsor Address: 515 FAIRMOUNT AVE., TOWSON, MD, 212868518
- Plan Type: 401(k)
- Total Participants: 117
- Total Assets: $787,711
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 117 | $787,711 | $387,585 | $906,876 |
| 2023 | 141 | $21.4M | $408,288 | $1.1M |
| 2022 | 149 | $19.1M | $422,965 | $1.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $58,037 | — | $58,037 |
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,037
- Estimated Expense Ratio: 7.368% 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 | $58,037 | — | $58,037 | — | — |
| 2023 | $32,496 | — | $32,496 | — | — |
| 2022 | $31,544 | — | $31,544 | — | — |