Plan Snapshot
- Plan Sponsor: Phymed Management, LLC
- Sponsor EIN: 621711369
- Sponsor Address: 110 29TH AVENUE NORTH, NASHVILLE, TN, 37203
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1
- Total Assets: $578
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 1 | $578 | $69,227 | $0 |
| 2022 | 920 | $203.9M | $24.0M | $11.3M |
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 |
|---|---|---|---|---|
| TRAVERSE LLC | Other Service Provider | $278,398 | — | $278,398 |
| BASS, BERRY & SIMS PLC | ERISA Attorney | $49,530 | — | $49,530 |
| LBMC, PC | Auditor | $46,500 | — | $46,500 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $12,350 | — | $12,350 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BASS, BERRY & SIMS PLC — ERISA Attorney
- LBMC, PC — Auditor
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $386,778
- Estimated Expense Ratio: 66916.609% 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 |
|---|---|---|---|---|---|
| 2023 | $320,514 | $12,350 | $300 | $46,500 | — |
| 2022 | $226,686 | $116,130 | — | — | — |