Plan Snapshot
- Plan Sponsor: Mdvip, LLC
- Sponsor EIN: 364464609
- Sponsor Address: 4950 COMMUNICATION AVENUE, BOCA RATON, FL, 33431
- Plan Type: 401(k)
- Total Participants: 592
- Total Assets: $58.9M
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 | 592 | $58.9M | $2.8M | $4.1M |
| 2023 | 553 | $54.9M | $2.5M | $3.8M |
| 2022 | 486 | $43.4M | $2.0M | $3.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | NONE | $63,955 | — | $63,955 |
| T ROWE PRICE RPS INC | NONE | $13,936 | — | $13,936 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,891
- Estimated Expense Ratio: 0.132% 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 | $77,891 | — | — | — | — |
| 2023 | $68,382 | — | — | — | — |
| 2022 | $61,183 | — | $61,183 | — | — |