Plan Snapshot
- Plan Sponsor: Medical Services Of America, INC.
- Sponsor EIN: 540950139
- Sponsor Address: 171 A MONROE LANE, LEXINGTON, SC, 29072
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 974
- Total Assets: $245,515
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 974 | $245,515 | $10.1M | $5.6M |
| 2023 | 1,016 | $489,280 | $8.6M | $5.6M |
| 2022 | 962 | $150,398 | $2.8M | $1.4M |
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 |
|---|---|---|---|---|
| BC/BS OF SOUTH CAROLINA | Other Service Provider | $289,757 | — | $289,757 |
| LOCKTON | Investment Advisor | $165,000 | — | $165,000 |
| SCOTT & COMPANY | Auditor | $6,500 | — | $6,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LOCKTON — Investment Advisor
- SCOTT & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $461,257
- Estimated Expense Ratio: 187.873% 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 | $471,630 | — | $289,757 | — | — |
| 2023 | $429,052 | — | $246,399 | — | — |
| 2022 | $133,664 | — | $64,914 | — | $68,750 |