Plan Snapshot
- Plan Sponsor: Michigan Healthcare Professionals, P.C.
- Sponsor EIN: 451674932
- Sponsor Address: 30000 NORTHWESTERN HWY, FARMINGTON HILLS, MI, 48334
- Plan Type: 401(k)
- Total Participants: 588
- Total Assets: $84.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 588 | $84.5M | $4.2M | $3.5M |
| 2023 | 510 | $70.8M | $3.7M | $2.9M |
| 2022 | 430 | $58.4M | $3.4M | $2.4M |
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 |
|---|---|---|---|---|
| DERDERIAN, KANN, SEYFERTH & SALUCCI | 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 | $32,694 | — | — | — | — |
| 2023 | $3,497 | — | — | — | — |
| 2022 | $56,197 | — | — | — | — |