Plan Snapshot
- Plan Sponsor: Fairway Medical Center, LLC Dba Avala
- Sponsor EIN: 721426390
- Sponsor Address: 67252 INDUSTRY LANE, COVINGTON, LA, 70433
- Plan Type: 401(k)
- Total Participants: 344
- Total Assets: $14.0M
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 | 344 | $14.0M | $511,147 | $1.1M |
| 2023 | 316 | $11.5M | $539,423 | $1.0M |
| 2022 | 300 | $9.3M | $568,568 | $1.0M |
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 |
|---|---|---|---|---|
| BOURGEOIS BENNETT LLC | Auditor | $10,480 | — | $10,480 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,480
- Estimated Expense Ratio: 0.075% 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 | $69,439 | $20,240 | — | $10,480 | — |
| 2023 | $13,350 | — | $13,350 | — | — |
| 2022 | $3,150 | — | $3,150 | — | — |