Plan Snapshot
- Plan Sponsor: Jackson Heart Clinic, P.A.
- Sponsor EIN: 640528954
- Sponsor Address: 970 LAKELAND DRIVE, JACKSON, MS, 39216
- Plan Type: 401(k)
- Total Participants: 137
- Total Assets: $42.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 137 | $42.1M | $1.4M | $969,701 |
| 2023 | 111 | $36.9M | $1.1M | $825,312 |
| 2022 | 103 | $34.0M | $1.2M | $709,129 |
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 |
|---|---|---|---|---|
| TRUSTMARK WEALTH MANAGEMENT | Investment Advisor | $40,777 | — | $40,777 |
| NEWPORT GROUP, INC. | Recordkeeper | $23,018 | — | $23,018 |
| NEWPORT TRUST COMPANY | Custodian / Trustee | $8,745 | — | $8,745 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,540
- Estimated Expense Ratio: 0.172% 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 | $74,640 | $42,877 | $16,060 | — | — |
| 2023 | $64,286 | $35,221 | $15,511 | — | — |
| 2022 | $80,573 | $45,785 | $25,335 | — | $9,453 |