# Medical Specialists Of The Palm Beaches, INC. 401(k) Plan
Source: https://planprovider.pro/companies/medical-specialists-of-the-palm-beaches-inc-401k-plan

> Medical Specialists Of The Palm Beaches, INC.'s 401(k) plan: 316 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Medical Specialists Of The Palm Beaches, INC.

- **Sponsor EIN:** 650580501

- **Sponsor Address:** 7593 W. BOYNTON BEACH BLVD, BOYNTON BEACH, FL, 33437

- **Plan Type:** 401(k)

- **Total Participants:** 316

- **Total Assets:** $52.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2023|316|$52.3M|$970,285|$1.7M|

| 2022|268|$47.7M|$764,768|$1.5M|

## 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|

| PNC RETIREMENT SOLUTIONS|INVESTMENT ADVISOR|$98,438|—|$98,438|

| LINCOLN NATIONAL CORPORATION|CONTRACT ADMIN|$94,496|—|$94,496|

| KAUFMAN ROSSIN & CO|AUDITOR|$42,000|—|$42,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LINCOLN NATIONAL CORPORATION](https://planprovider.pro/provider/lincoln-financial-group) — CONTRACT ADMIN

- [KAUFMAN ROSSIN & CO](https://planprovider.pro/provider/kaufman-rossin-and-co) — AUDITOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $234,934

- **Estimated Expense Ratio:** 0.450% 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|

| 2023|$117,467|$49,219|$47,248|$21,000|—|

| 2022|$138,365|$77,311|$32,704|—|$28,350|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/medical-specialists-of-the-palm-beaches-inc-401k-plan)

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