Plan Snapshot
- Plan Sponsor: Medstar, INC.
- Sponsor EIN: 382666933
- Sponsor Address: 380 NORTH GRATIOT, CLINTON TOWNSHIP, MI, 48036
- Plan Type: 401(k)
- Total Participants: 214
- Total Assets: $10.9M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 214 | $10.9M | $447,388 | $1.0M |
| 2023 | 209 | $9.9M | $341,361 | $1.0M |
| 2022 | 214 | $8.0M | $356,176 | $933,241 |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $37,166 | — | $37,166 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $9,584 | — | $9,584 |
| PLANTE & MORAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,750
- Estimated Expense Ratio: 0.428% 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 | $46,750 | $37,166 | — | — | — |
| 2023 | $36,095 | $29,797 | — | — | — |
| 2022 | $33,059 | — | $33,059 | — | — |