Plan Snapshot
- Plan Sponsor: Genesis Medical Group
- Sponsor EIN: 814211994
- Sponsor Address: 2255 E MOSSY OAKS ROAD, SUITE 500, SPRING, TX, 77389
- Plan Type: 401(k)
- Total Participants: 243
- 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 | 243 | $7.2M | $331,202 | $688,572 |
| 2023 | 203 | $7.2M | $286,425 | $549,232 |
| 2022 | 182 | $6.2M | $249,584 | $488,962 |
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 |
|---|---|---|---|---|
| J P MORGAN BROKER-DEALER HOLDINGS | Investment Advisor | $30,405 | — | $30,405 |
| LAPORTE A PROFESSIONAL ACCOUNTING | Auditor | $20,837 | — | $20,837 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $10,038 | — | $10,038 |
| ROLAND CRISS & WILLIAMS INC DBA ROL | Other Service Provider | $7,905 | — | $7,905 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,694 | — | $5,694 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,879
- Estimated Expense Ratio: 1.041% 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 | $74,879 | $36,099 | — | $20,837 | — |
| 2023 | $55,023 | $33,173 | — | $3,834 | — |
| 2022 | $72,239 | $39,684 | $885 | — | $23,474 |