Plan Snapshot
- Plan Sponsor: Medical Services Of America, INC.
- Sponsor EIN: 540950139
- Sponsor Address: 171A MONROE LN., LEXINGTON, SC, 29072
- Plan Type: 401(k)
- Total Participants: 1,349
- Total Assets: $47.3M
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 | 1,349 | $47.3M | $658,752 | $2.9M |
| 2023 | 1,384 | $43.1M | $619,172 | $2.7M |
| 2022 | 1,402 | $39.7M | $617,145 | $2.7M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $92,042 | — | $92,042 |
| CETERA INVESTMENT ADVISERS LLC | OTHER | $67,715 | — | $67,715 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $56,380 | — | $56,380 |
| SCOTT AND COMPANY, LLC | AUDITOR | $10,300 | — | $10,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,437
- Estimated Expense Ratio: 0.479% 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 | $226,437 | $92,042 | — | $10,300 | — |
| 2023 | $199,426 | $120,573 | — | $2,000 | — |
| 2022 | $210,702 | $158,188 | $52,514 | — | — |