Plan Snapshot
- Plan Sponsor: Medical Specialties, INC.
- Sponsor EIN: 560750099
- Sponsor Address: 4600 LEBANON RD, CHARLOTTE, NC, 28227
- Plan Type: 401(k)
- Total Participants: 127
- Total Assets: $9.9M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 127 | $9.9M | $132,361 | $265,125 |
| 2023 | 189 | $8.7M | $133,135 | $284,025 |
| 2022 | 171 | $7.8M | $122,458 | $281,951 |
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 |
|---|---|---|---|---|
| DODSON, SHELTON & NELSON, CPA, P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $7,870 | — | $7,870 | — | — |
| 2023 | $9,951 | — | $9,951 | — | — |
| 2022 | $10,258 | — | $10,258 | — | — |