Plan Snapshot
- Plan Sponsor: Medical Network Of Alaska, LLC
- Sponsor EIN: 204985038
- Sponsor Address: 3122 E. MERIDIAN PARK LOOP, WASILLA, AK, 99654
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $6.9M
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 | 141 | $6.9M | $405,108 | $803,355 |
| 2023 | 121 | $5.4M | $328,396 | $699,173 |
| 2022 | 114 | $3.9M | $322,548 | $559,131 |
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 |
|---|---|---|---|---|
| CAPITAL GROUP RETIREMENT PLAN SVCS | RECORDKEEPER | $13,574 | — | $13,574 |
| WELLS FARGO ADVISORS LLC | INVESTMENT ADVISOR | $10,335 | — | $10,335 |
| GREAT VALLEY ADVISOR GROUP INC | INVESTMENT ADVISOR | $5,866 | — | $5,866 |
| THOMAS, HEAD & GREISEN, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,775
- Estimated Expense Ratio: 0.434% 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 | $29,775 | $16,388 | — | — | — |
| 2023 | $29,324 | $19,116 | — | — | — |
| 2022 | $25,463 | $16,593 | — | — | $8,870 |