# Island Medical Services 401(k) Plan
Source: https://planprovider.pro/companies/island-medical-services-401k-plan

> Island Medical Services's 401(k) plan: 119 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Island Medical Services

- **Sponsor EIN:** 222268758

- **Sponsor Address:** 97 NEW DORP LANE, STATEN ISLAND, NY, 10306

- **Plan Type:** 401(k)

- **Total Participants:** 119

- **Total Assets:** $11.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|119|$11.4M|$0|$397,093|

| 2023|129|$11.7M|$0|$451,920|

| 2022|151|$11.2M|$0|$554,691|

## 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|

| STANDARD PENSION SERVICES LLC|THIRD PARTY ADMINISTRATO|—|$5,790|$5,790|

| FARBER, BLICHT EYERMEN & HERZOG LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $5,790

- **Estimated Expense Ratio:** 0.051% 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|$6,941|$4,905|$1,905|—|—|

| 2023|$5,806|—|—|—|—|

| 2022|$9,049|—|—|—|—|

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