Plan Snapshot
- Plan Sponsor: Physician Healthcare Network, P.C.
- Sponsor EIN: 383175658
- Sponsor Address: 3050 COMMERCE DRIVE, FORT GRATIOT, MI, 48059
- Plan Type: 401(k)
- Total Participants: 139
- Total Assets: $20.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 139 | $20.2M | $441,113 | $543,825 |
| 2023 | 138 | $18.8M | $0 | $530,453 |
| 2022 | 132 | $16.4M | $149,484 | $546,734 |
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 |
|---|---|---|---|---|
| HANTZ FINANCIAL SERVICES | Other Service Provider | $38,520 | — | $38,520 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $19,496 | — | $19,496 |
| EQUITABLE ADVISORS LLC | ADVISOR | $14,489 | — | $14,489 |
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- EQUITABLE ADVISORS LLC — ADVISOR
- UHY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,505
- Estimated Expense Ratio: 0.358% 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 | $75,227 | $14,489 | — | — | — |
| 2023 | $118,035 | $115,228 | — | — | — |
| 2022 | $26,012 | — | — | — | — |