Plan Snapshot
- Plan Sponsor: Electrostim Medical Services, INC.
- Sponsor EIN: 593323767
- Sponsor Address: 3504 CRAGMONT DRIVE, SUITE 100, TAMPA, FL, 33619
- Plan Type: 401(k)
- Total Participants: 234
- Total Assets: $23.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 234 | $23.9M | $526,322 | $1.0M |
| 2023 | 236 | $20.6M | $516,127 | $990,809 |
| 2022 | 343 | $17.9M | $516,109 | $984,254 |
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 | Recordkeeper | $102,019 | — | $102,019 |
| PSI ADVISORS LLC | Investment Advisor | — | $27,901 | $27,901 |
| PRINCIPAL SECURITIES INC | Other Service Provider | — | $26,689 | $26,689 |
| JANET A. PANEBIANCO, CPA, PLLC | Other Service Provider | — | $11,120 | $11,120 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,729
- Estimated Expense Ratio: 0.701% 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 | $102,019 | — | $102,019 | — | — |
| 2023 | $86,535 | — | $86,535 | — | — |
| 2022 | $81,883 | — | $81,883 | — | — |