Plan Snapshot
- Plan Sponsor: First Settlement Physical Therapy, INC.
- Sponsor EIN: 311677991
- Sponsor Address: 329 8TH ST., 2ND FLOOR, PARKERSBURG, WV, 26101
- Plan Type: 401(k)
- Total Participants: 225
- Total Assets: $7.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 225 | $7.2M | $314,791 | $568,673 |
| 2023 | 203 | $5.8M | $259,632 | $469,272 |
| 2022 | 182 | $4.3M | $249,345 | $424,092 |
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 |
|---|---|---|---|---|
| TRUIST ADVISORY SERVICES INC. | Investment Advisor | $17,247 | — | $17,247 |
| EMPOWER ANNUITY INSURANCE CO OF AME | Recordkeeper | $8,918 | — | $8,918 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,165
- Estimated Expense Ratio: 0.363% 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 | $28,257 | $13,887 | $2,080 | — | — |
| 2023 | $16,496 | — | $270 | — | — |
| 2022 | $1,450 | — | $1,450 | — | — |