Plan Snapshot
- Plan Sponsor: Medical Review Institute Of America
- Sponsor EIN: 870515201
- Sponsor Address: 2875 DECKER LAKE DRIVE, #300, SALT LAKE CITY, UT, 84119
- Plan Type: 401(k)
- Total Participants: 513
- Total Assets: $24.8M
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 | 513 | $24.8M | $635,612 | $3.5M |
| 2023 | 405 | $20.2M | $594,038 | $2.7M |
| 2022 | 328 | $15.1M | $427,557 | $2.1M |
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 |
|---|---|---|---|---|
| LPL FINANCIAL | INVESTMENT ADVISOR | $49,049 | — | $49,049 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $39,047 | — | $39,047 |
| WC ADMINISTRATORS, LLC | CONTRACT ADMINISTORS | $24,861 | — | $24,861 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | 3(38) FIDUCIARY | $10,928 | — | $10,928 |
| TRAVELLER & COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRAVELLER & COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,885
- Estimated Expense Ratio: 0.501% 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 | $115,311 | — | $104,873 | — | — |
| 2023 | $95,841 | — | $84,666 | — | — |
| 2022 | $92,536 | — | $82,486 | — | $10,050 |