Plan Snapshot
- Plan Sponsor: Ms Health Care Association
- Sponsor EIN: 640478814
- Sponsor Address: 303 BRAME ROAD, RIDGELAND, MS, 39157
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,074
- Total Assets: $13.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,074 | $13.8M | $0 | $0 |
| 2024 | 1,065 | $12.1M | $0 | $0 |
| 2023 | 1,049 | $11.4M | $0 | $0 |
| 2022 | 1,118 | $10.5M | $0 | $0 |
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 |
|---|---|---|---|---|
| SELECT ADMINSTRATIVE SERVICES | Other Service Provider | $443,765 | — | $443,765 |
| MS HEALTHCARE INS. CORP. | Recordkeeper | $195,736 | — | $195,736 |
| RISK CONSULTING SERVICES, INC. | Actuary | $28,432 | — | $28,432 |
| MAXEY WANN | ERISA Attorney | $26,130 | — | $26,130 |
| 90 DEGREE BENEFITS | Other Service Provider | $13,000 | — | $13,000 |
| WILLIAMS, WEISS, HESTER & CO., PLLC | Other Service Provider | $12,750 | — | $12,750 |
| FISHER BROWN BOTTRELL INSURANCE | Insurance Carrier | $8,479 | — | $8,479 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $728,292
- Estimated Expense Ratio: 5.263% 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 |
|---|---|---|---|---|---|
| 2025 | $9,949,485 | $25,512 | $469,765 | $12,750 | — |
| 2024 | $1,325,189 | $24,232 | $352,896 | $12,750 | — |
| 2023 | $1,193,242 | $16,731 | $226,451 | $11,725 | — |
| 2022 | $1,170,643 | $16,696 | — | — | $44,898 |