Plan Snapshot
- Plan Sponsor: Health Management Services
- Sponsor EIN: 222581863
- Sponsor Address: 210 MARKET STREET, LYNN, MA, 019011003
- Plan Type: 403(b)
- Total Participants: 337
- Total Assets: $18.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 337 | $18.4M | $213,931 | $938,778 |
| 2023 | 335 | $16.2M | $187,642 | $835,114 |
| 2022 | 302 | $16.0M | $200,602 | $871,955 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $71,998 | — | $71,998 |
| LPL FINANCIAL CORPORATION | Recordkeeper | — | $28,220 | $28,220 |
| BDO USA, LLP | Auditor | — | $22,000 | $22,000 |
| THE ANGELL PENSION GROUP, INC. | Other Service Provider | — | $13,320 | $13,320 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL CORPORATION — Recordkeeper
- BDO USA, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,538
- Estimated Expense Ratio: 0.735% 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 | $71,997 | — | $71,997 | — | — |
| 2023 | $92,537 | — | $92,537 | — | — |
| 2022 | $56,054 | — | $56,054 | — | — |