Plan Snapshot
- Plan Sponsor: Phynet Dermatology, LLC
- Sponsor EIN: 822598872
- Sponsor Address: 302 INNOVATION DRIVE, FRANKLIN, TN, 37067
- Plan Type: 401(k)
- Total Participants: 1,446
- Total Assets: $54.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,446 | $54.6M | $0 | $7.9M |
| 2023 | 1,375 | $42.1M | $0 | $6.3M |
| 2022 | 1,216 | $30.1M | $0 | $4.5M |
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 |
|---|---|---|---|---|
| LEE CPA AUDIT GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEE CPA AUDIT GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $201,993 | — | $137,330 | — | — |
| 2023 | $186,211 | — | $132,907 | — | — |
| 2022 | $230,643 | — | $215,796 | — | $14,847 |