Plan Snapshot
- Plan Sponsor: Pediatric Associates Of Greater Salem, INC.
- Sponsor EIN: 042740173
- Sponsor Address: 30 TOZER ROAD, SUITE 101, BEVERLY, MA, 01915
- Plan Type: 401(k)
- Total Participants: 83
- Total Assets: $10.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 83 | $10.5M | $198,793 | $416,931 |
| 2023 | 85 | $9.2M | $163,282 | $319,258 |
| 2022 | 88 | $8.4M | $297,299 | $328,169 |
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 |
|---|---|---|---|---|
| TIMESCALE FINANCIAL INC | INVESTMENT ADVISOR | $17,833 | — | $17,833 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $12,467 | — | $12,467 |
| ONE DIGITAL TOPCO LLC DBA RESOURCES | INVESTMENT ADVISOR | $6,481 | — | $6,481 |
| STOWE & DEGON, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,781
- Estimated Expense Ratio: 0.351% 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 | $42,055 | $28,404 | — | — | — |
| 2023 | $37,500 | $25,854 | — | — | — |
| 2022 | $35,558 | $25,186 | $10,372 | — | — |