Plan Snapshot
- Plan Sponsor: Discovery Health Sciences Foundation, INC.
- Sponsor EIN: 453761886
- Sponsor Address: 3837 LOYOLA DRIVE, KENNER, LA, 70065
- Plan Type: 401(k)
- Total Participants: 428
- Total Assets: $13.3M
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 | 428 | $13.3M | $875,674 | $1.4M |
| 2023 | 415 | $10.0M | $778,227 | $1.2M |
| 2022 | 428 | $7.0M | $675,106 | $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 |
|---|---|---|---|---|
| PROSPERA FINANCIAL SERVICES | Investment Advisor | — | $58,143 | $58,143 |
| NATIONWIDE | Recordkeeper | $40,087 | — | $40,087 |
| ECONOMIC GROUP PENSION SERVICES | Recordkeeper | $10,423 | — | $10,423 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,653
- Estimated Expense Ratio: 0.820% 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 | $22,374 | — | $5,694 | — | — |
| 2023 | $4,232 | — | $4,232 | — | — |
| 2022 | — | — | — | — | — |