Plan Snapshot
- Plan Sponsor: Medical Faculty Associates, INC.
- Sponsor EIN: 522220700
- Sponsor Address: 2150 PENNSYLVANIA AVENUE NW, WASHINGTON, DC, 20006
- Plan Type: DC
- Total Participants: 1,567
- Total Assets: $345.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 1,567 | $345.1M | $7.8M | $14.1M |
| 2023 | 1,696 | $302.1M | $7.7M | $13.8M |
| 2022 | 1,612 | $249.5M | $7.8M | $12.3M |
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 |
|---|---|---|---|---|
| GROOM LAW GROUP, CHARTERED | NONE | $124,290 | — | $124,290 |
| STRATEGIC ADVISORS, INC | NONE | $23,661 | — | $23,661 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW GROUP, CHARTERED — NONE
- STRATEGIC ADVISORS, INC — NONE
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,951
- Estimated Expense Ratio: 0.043% 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 | $148,326 | $23,661 | $375 | — | — |
| 2023 | $159,626 | $91,149 | $400 | $14,595 | — |
| 2022 | $200 | — | $200 | — | — |