Plan Snapshot
- Plan Sponsor: Global Physician Network LLC
- Sponsor EIN: 821895218
- Sponsor Address: PO BOX 25127, SARASOTA, FL, 34277
- Plan Type: 401(k)
- Total Participants: 214
- Total Assets: $31.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 214 | $31.4M | $2.1M | $1.4M |
| 2023 | 174 | $32.1M | $1.9M | $1.5M |
| 2022 | 146 | $25.0M | $1.6M | $1.1M |
| 2020 | 80 | $21.7M | $1.2M | $917,870 |
| 2019 | 85 | $21.0M | $1.2M | $840,497 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $59,216 | — | $59,216 |
| KB PENSION SERVICES INC | Other Service Provider | $1,995 | $12,566 | $14,561 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,777
- Estimated Expense Ratio: 0.235% 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 | $124,652 | $25,470 | — | — | — |
| 2023 | $136,383 | $61,623 | — | — | — |
| 2022 | — | — | — | — | — |
| 2020 | — | — | — | — | — |
| 2019 | — | — | — | — | — |