# Independent Healthcare Management 401(k) Plan
Source: https://planprovider.pro/companies/independent-healthcare-management-401k-plan

> Independent Healthcare Management's 401(k) plan: 298 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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