Plan Snapshot
- Plan Sponsor: Medic, INC.
- Sponsor EIN: 620598756
- Sponsor Address: 1601 AILOR AVENUE, KNOXVILLE, TN, 379216702
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $10.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 133 | $10.3M | $229,959 | $432,191 |
| 2023 | 128 | $9.7M | $184,484 | $408,153 |
| 2022 | 115 | $7.9M | $198,641 | $399,425 |
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 TRUST COMPANY OF TENNESSEE | NONE | $57,105 | — | $57,105 |
| PUGH CPAS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,105
- Estimated Expense Ratio: 0.554% 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 | $57,104 | — | $11,360 | — | — |
| 2023 | $52,116 | — | $27,874 | — | — |
| 2022 | $53,960 | — | $29,143 | — | $24,817 |