Plan Snapshot
- Plan Sponsor: Paragon Health, P.C.
- Sponsor EIN: 383309299
- Sponsor Address: 6938 ELM VALLEY DR STE 105, KALAMAZOO, MI, 49009
- Plan Type: 401(k)
- Total Participants: 147
- Total Assets: $62.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 147 | $62.6M | $1.6M | $1.2M |
| 2023 | 135 | $56.8M | $1.5M | $1.3M |
| 2022 | 140 | $51.4M | $1.7M | $1.3M |
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 |
|---|---|---|---|---|
| GREENLEAF TRUST | TRUSTEE | $105,164 | — | $105,164 |
| BRINK, KEY CHLUDZINSKI, P.C. | AUDITOR | $12,600 | — | $12,600 |
| BRINK, KEY CHLUDZINSKI P.C. | Auditor | $12,600 | — | $12,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $130,364
- Estimated Expense Ratio: 0.208% 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 | $117,764 | $95,295 | — | $12,600 | — |
| 2023 | $123,343 | $101,813 | — | $12,200 | — |
| 2022 | $108,362 | — | — | — | $108,362 |