Plan Snapshot
- Plan Sponsor: Health Concepts, Ltd
- Sponsor EIN: 050400913
- Sponsor Address: 588 PAWTUCKET AVE, PAWTUCKET, RI, 02860
- Plan Type: 401(k)
- Total Participants: 459
- Total Assets: $43.4M
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 | 459 | $43.4M | $571,335 | $1.5M |
| 2023 | 427 | $42.1M | $0 | $1.4M |
| 2022 | 419 | $42.4M | $0 | $2.5M |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $162,742 | $87,896 | — | — | — |
| 2023 | $152,385 | $83,969 | — | — | — |
| 2022 | $201,852 | $96,908 | — | — | $20,000 |