Plan Snapshot
- Plan Sponsor: Lovelace Family Medicine P.A.
- Sponsor EIN: 570989480
- Sponsor Address: 600 N WHEELER AVE, PROSPERITY, SC, 29127
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 17
- Total Assets: $52,019
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 17 | $52,019 | $0 | $0 |
| 2024 | 21 | $40,732 | $245,095 | $0 |
| 2023 | 25 | $64,863 | $268,909 | $0 |
| 2022 | 26 | $79,444 | $170,910 | $55,665 |
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 BENECON GROUP | Investment Advisor | $23,351 | — | $23,351 |
| ACS BENEFIT SERVICES | Other Service Provider | $12,245 | — | $12,245 |
| FULCRUM RISK SOLUTIONS | Investment Advisor | $6,250 | — | $6,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,846
- Estimated Expense Ratio: 80.444% 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 |
|---|---|---|---|---|---|
| 2025 | $249,013 | — | — | — | — |
| 2024 | $268,748 | — | — | — | — |
| 2023 | $289,188 | — | — | — | — |
| 2022 | $158,541 | — | — | — | — |