Plan Snapshot
- Plan Sponsor: Microhealth LLC
- Sponsor EIN: 273231647
- Sponsor Address: 8229 BOONE BLVD STE 500, VIENNA, VA, 221822634
- Plan Type: 401(k)
- Total Participants: 196
- Total Assets: $16.5M
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 | 196 | $16.5M | $919,078 | $1.8M |
| 2023 | 230 | $13.3M | $1.0M | $1.9M |
| 2022 | 252 | $9.0M | $1.0M | $1.8M |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | ADVISOR | $37,240 | — | $37,240 |
| PAYCHEX, INC. | RECORDKEEPER | $30,527 | — | $30,527 |
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,767
- Estimated Expense Ratio: 0.411% 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 | $69,073 | $37,946 | $30,267 | — | — |
| 2023 | $53,302 | $27,445 | $24,997 | — | — |
| 2022 | $38,963 | $20,967 | $17,996 | — | — |