Plan Snapshot
- Plan Sponsor: Martin Luther King, Jr. - Los Angeles (Mlk-La) Healthcare Corporation
- Sponsor EIN: 274658935
- Sponsor Address: 1680 E. 120TH STREET, LOS ANGELES, CA, 90059
- Plan Type: 403(b)
- Total Participants: 1,660
- Total Assets: $85.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 1,660 | $85.2M | $3.7M | $9.2M |
| 2023 | 1,497 | $68.2M | $3.5M | $8.2M |
| 2022 | 1,384 | $52.1M | $3.1M | $7.7M |
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 ANNUITY INSURANCE COMPANY | RECORDKEEPER | $37,251 | — | $37,251 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,251
- Estimated Expense Ratio: 0.044% 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 | $37,251 | — | — | — | — |
| 2023 | $21,657 | — | — | — | — |
| 2022 | $67,686 | $93 | $35,869 | — | — |