Plan Snapshot
- Plan Sponsor: Medicraft, INC.
- Sponsor EIN: 581944756
- Sponsor Address: 3284 NORTHSIDE PARKWAY NORTHWEST, ATLANTA, GA, 30327
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 72
- Total Assets: $186,099
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 | 72 | $186,099 | $442,430 | $696,968 |
| 2023 | 82 | $3,080 | $110,378 | $144,744 |
| 2022 | 80 | $46,941 | $374,851 | $624,433 |
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 |
|---|---|---|---|---|
| EBMS, INC. | Other Service Provider | $55,657 | — | $55,657 |
| ATHENS INSURANCE | Investment Advisor | $31,990 | — | $31,990 |
| THE BENECON GROUP, LLC | Investment Advisor | $18,216 | — | $18,216 |
| CONNECTCARE3 | Other Service Provider | $5,137 | — | $5,137 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,000
- Estimated Expense Ratio: 59.646% 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 | $891,568 | — | — | — | — |
| 2023 | $347,673 | — | — | — | — |
| 2022 | $1,035,228 | — | — | — | — |