Plan Snapshot
- Plan Sponsor: Davin Healthcare Workforce Solutions, INC
- Sponsor EIN: 200443075
- Sponsor Address: 18 DIVISION ST, SARATOGA SPRINGS, NY, 128662188
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 118
- Total Assets: $7.1M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 118 | $7.1M | $0 | $0 |
| 2024 | 96 | $6.3M | $295,538 | $505,431 |
| 2023 | 107 | $5.6M | $330,413 | $507,929 |
| 2022 | 122 | $4.2M | $320,948 | $458,909 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $32,201 | $15 | $32,216 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $21,013 | — | $21,013 |
| ORENDA RETIREMENT LLC | Recordkeeper | $8,125 | $508 | $8,633 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,862
- Estimated Expense Ratio: 0.868% 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 | $844,193 | $16,101 | $29,135 | — | — |
| 2024 | $63,428 | $14,878 | $33,672 | — | — |
| 2023 | $44,954 | $11,548 | $21,859 | — | — |
| 2022 | $35,365 | $10,069 | $15,227 | — | $10,069 |