Plan Snapshot
- Plan Sponsor: Healthstar Physicians PC
- Sponsor EIN: 621612894
- Sponsor Address: 420 W MORRIS BLVD SUITE 400-A, MORRISTOWN, TN, 37813
- Plan Type: 401(k)
- Total Participants: 519
- Total Assets: $53.8M
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 | 519 | $53.8M | $1.1M | $2.1M |
| 2023 | 521 | $49.0M | $1.1M | $2.1M |
| 2022 | 505 | $40.9M | $995,770 | $1.9M |
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 |
|---|---|---|---|---|
| THE TRUST COMPANY OF TENNESSEE | NONE | $181,117 | — | $181,117 |
| THOROUGHBRED FINANCIAL SERVICES LLC | NONE | $7,144 | — | $7,144 |
| CRAINE, THOMPSON & JONES, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $188,261
- Estimated Expense Ratio: 0.350% 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 | $181,117 | — | $29,265 | — | — |
| 2023 | $170,050 | — | $32,241 | — | — |
| 2022 | $171,326 | — | $97,159 | — | $74,167 |