Plan Snapshot
- Plan Sponsor: Foot And Ankle Specialists Of The Mid Atlantic, LLC
- Sponsor EIN: 273846421
- Sponsor Address: 3801 WAKE FOREST RD, RALEIGH, NC, 27609
- Plan Type: 401(k)
- Total Participants: 1,184
- Total Assets: $53.3M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,184 | $53.3M | $2.9M | $6.1M |
| 2023 | 994 | $38.7M | $2.2M | $5.0M |
| 2022 | 769 | $23.1M | $1.5M | $3.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $55,964 | — | $55,964 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $38,052 | — | $38,052 |
| KB PENSION SERVICES INC | Recordkeeper | $35,791 | $401 | $36,192 |
| GALLAGHER BENEFIT SERVICES INC DBA | Investment Advisor | $14,615 | — | $14,615 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $5,721 | — | $5,721 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,544
- Estimated Expense Ratio: 0.283% 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 | $194,376 | $152,662 | — | — | — |
| 2023 | $149,770 | $20,000 | $102,290 | — | — |
| 2022 | $79,003 | — | $59,429 | — | $19,574 |