Plan Snapshot
- Plan Sponsor: Millennium Physicians Association, PLLC
- Sponsor EIN: 760528826
- Sponsor Address: 9319 PINECROFT DRIVE, SUITE 100, THE WOODLANDS, TX, 77380
- Plan Type: 401(k)
- Total Participants: 379
- Total Assets: $17.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 379 | $17.1M | $756,904 | $1.5M |
| 2023 | 328 | $15.7M | $715,042 | $1.4M |
| 2022 | 291 | $12.0M | $832,759 | $1.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANN INS COMPANY | Recordkeeper | $52,427 | — | $52,427 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $32,745 | — | $32,745 |
| ASCENSUS HOLDINGS INC DBA | Other Service Provider | $9,225 | $10,000 | $19,225 |
| EMPOWER ADVISOR GROUP | Investment Advisor | $15,628 | — | $15,628 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $120,025
- Estimated Expense Ratio: 0.703% 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 | $108,461 | — | $15,575 | — | — |
| 2023 | $90,055 | $27,154 | $62,901 | — | — |
| 2022 | $79,376 | — | $79,376 | — | — |