Plan Snapshot
- Plan Sponsor: Medisys Venture, INC.
- Sponsor EIN: 113431792
- Sponsor Address: 8900 VAN WYCK EXPRESSWAY, JAMAICA, NY, 11418
- Plan Type: DC
- Total Participants: 774
- Total Assets: $147.3M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 774 | $147.3M | $2.1M | $5.4M |
| 2023 | 833 | $129.1M | $2.0M | $5.0M |
| 2022 | 765 | $111.6M | $1.8M | $4.7M |
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 |
|---|---|---|---|---|
| ROYAL ALLIANCE ASSOC., INC. | ADVISOR | $201,313 | — | $201,313 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $95,703 | — | $95,703 |
| NEWPORT TRUST COMPANY | TRUSTEE | $34,149 | — | $34,149 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $331,165
- Estimated Expense Ratio: 0.225% 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 | $331,528 | $201,313 | $5,189 | — | — |
| 2023 | $290,151 | $168,263 | $4,040 | — | — |
| 2022 | $315,948 | $191,463 | $94,243 | — | $30,242 |