Plan Snapshot
- Plan Sponsor: Medlytix, LLC
- Sponsor EIN: 204033054
- Sponsor Address: 675 MANSELL ROAD, SUITE 100, ROSWELL, GA, 30076
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 85
- Total Assets: $140,378
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 | 85 | $140,378 | $961,110 | $287,455 |
| 2023 | 66 | $56,822 | $717,543 | $246,492 |
| 2022 | 75 | $41,591 | $605,468 | $163,342 |
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 |
|---|---|---|---|---|
| IMA FINANCIAL GROUP (THE BENEFIT CO | Investment Advisor | $40,342 | — | $40,342 |
| THE BENECON GROUP, LLC | Investment Advisor | $24,201 | — | $24,201 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $10,773 | — | $10,773 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,316
- Estimated Expense Ratio: 53.652% 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 | $1,215,642 | — | — | — | — |
| 2023 | $960,024 | — | — | — | — |
| 2022 | $717,353 | — | — | — | — |