Plan Snapshot
- Plan Sponsor: Healthcare Financial Management Association
- Sponsor EIN: 362318336
- Sponsor Address: 2001 BUTTERFIELD ROAD, SUITE 1500, DOWNERS GROVE, IL, 60515
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 119
- Total Assets: $29.9M
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. |
|---|---|---|---|---|
| 2025 | 119 | $29.9M | $0 | $0 |
| 2024 | 82 | $25.8M | $645,816 | $1.0M |
| 2023 | 77 | $23.0M | $576,517 | $964,175 |
| 2022 | 74 | $19.5M | $559,724 | $989,852 |
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 |
|---|---|---|---|---|
| SIKICH CAPITAL MANAGEMENT | Other Service Provider | $33,267 | — | $33,267 |
| THE STANDARD | Other Service Provider | $29,271 | — | $29,271 |
| SCHWAB | Other Service Provider | — | $8,610 | $8,610 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,148
- Estimated Expense Ratio: 0.238% 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 |
|---|---|---|---|---|---|
| 2025 | $1,239,793 | — | — | — | — |
| 2024 | $61,677 | $32,730 | — | — | — |
| 2023 | $60,292 | $32,024 | — | — | — |
| 2022 | $60,348 | — | — | — | $60,348 |