Plan Snapshot
- Plan Sponsor: Medic Management Group, LLC
- Sponsor EIN: 341888432
- Sponsor Address: 3201 ENTERPRISE PKWY, SUITE 370, BEACHWOOD, OH, 44122
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $4.8M
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 | 130 | $4.8M | $43,377 | $411,445 |
| 2023 | 128 | $5.8M | $51,761 | $380,645 |
| 2022 | 93 | $4.7M | $37,964 | $343,195 |
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 |
|---|---|---|---|---|
| ANCORA RETIREMENT PLAN ADVISORS | ADVISOR | $25,701 | — | $25,701 |
| FIDELITY INVESTMENTS | RECORDKEEPER | $21,948 | — | $21,948 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,649
- Estimated Expense Ratio: 1.001% 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 | $47,384 | $25,436 | — | — | — |
| 2023 | $46,552 | $25,364 | — | — | — |
| 2022 | $44,681 | — | — | — | — |