Plan Snapshot
- Plan Sponsor: Medical Solutions, INC.
- Sponsor EIN: 541857584
- Sponsor Address: 3901 CENTERVIEW DR, CHANTILLY, VA, 20151
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 40
- Total Assets: $77,271
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 | 40 | $77,271 | $646,534 | $132,076 |
| 2023 | 38 | $80,283 | $590,051 | $118,166 |
| 2022 | 35 | $44,676 | $524,033 | $84,934 |
| 2020 | 37 | $45,444 | $460,703 | $76,471 |
| 2019 | 45 | $87,020 | $390,465 | $104,056 |
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 |
|---|---|---|---|---|
| BROWN & BROWN INSURANCE OF VA | Investment Advisor | $15,926 | — | $15,926 |
| THE BENECON GROUP LLC | Investment Advisor | $14,949 | — | $14,949 |
| MERITAIN HEALTH | Other Service Provider | $8,897 | — | $8,897 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,772
- Estimated Expense Ratio: 51.471% 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 | $791,385 | — | — | — | — |
| 2023 | $675,434 | — | — | — | — |
| 2022 | $621,389 | — | — | — | — |
| 2020 | $586,271 | — | — | — | — |
| 2019 | $468,098 | — | — | — | — |