Plan Snapshot
- Plan Sponsor: Madison Medical Corporation
- Sponsor EIN: 474182128
- Sponsor Address: 444 WEST LAKE DRIVE, SUITE 4400, CHICAGO, IL, 60606
- Plan Type: 401(k)
- Total Participants: 255
- Total Assets: $11.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 255 | $11.9M | $281,395 | $893,073 |
| 2023 | 264 | $9.3M | $236,177 | $773,280 |
| 2022 | 181 | $5.2M | $167,041 | $554,830 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $49,540 | — | $49,540 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $33,093 | — | $33,093 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,348 | — | $6,348 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,981
- Estimated Expense Ratio: 0.746% 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 | $88,981 | $55,888 | — | — | — |
| 2023 | $60,093 | $37,520 | — | — | — |
| 2022 | $46,172 | — | $46,172 | — | — |