Plan Snapshot
- Plan Sponsor: Independent Healthcare Management
- Sponsor EIN: 640770155
- Sponsor Address: PO BOX 1460, MAGEE, MS, 39111
- Plan Type: 401(k)
- Total Participants: 298
- Total Assets: $6.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 298 | $6.8M | $0 | $468,248 |
| 2023 | 331 | $5.9M | $0 | $404,437 |
| 2022 | 325 | $5.3M | $0 | $404,200 |
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 |
|---|---|---|---|---|
| HARPER, RAINS, KNIGHT & CO | 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 | $4,082 | — | $4,082 | — | — |
| 2023 | $3,603 | — | $3,603 | — | — |
| 2022 | $3,227 | — | $3,227 | — | — |