Plan Snapshot
- Plan Sponsor: Ohio Valley Physicians, INC.
- Sponsor EIN: 311778412
- Sponsor Address: 300-B 8TH ST, STE 201, HUNTINGTON, WV, 25701
- Plan Type: DC
- Total Participants: 200
- Total Assets: $11.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 200 | $11.8M | $690,632 | $1.1M |
| 2023 | 203 | $10.3M | $653,516 | $960,570 |
| 2022 | 182 | $7.9M | $558,724 | $830,447 |
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 |
|---|---|---|---|---|
| M2B RETIREMENT CONSULTING, LLC | CONTRACT ADMINISTRATOR | $8,100 | $13,909 | $22,009 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $20,125 | — | $20,125 |
| RAYMOND JAMES & ASSOCIATES INC | INVESTMENT ADVISORY | $7,050 | $3 | $7,053 |
| KELLEY GALLOWAY SMITH GOOLSBY, PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES & ASSOCIATES INC — INVESTMENT ADVISORY
- KELLEY GALLOWAY SMITH GOOLSBY, PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,187
- Estimated Expense Ratio: 0.416% 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 | $42,812 | $14,586 | $28,226 | — | — |
| 2023 | $9,311 | $9,311 | — | — | — |
| 2022 | $8,478 | $8,478 | — | — | — |