Plan Snapshot
- Plan Sponsor: Physicians Management - Employee Leasing Company, LLC
- Sponsor EIN: 261612259
- Sponsor Address: 112 WEST JEFFERSON BOULEVARD, SOUTH BEND, IN, 46601
- Plan Type: 401(k)
- Total Participants: 648
- Total Assets: $3.9M
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 | 648 | $3.9M | $263,390 | $614,504 |
| 2023 | 605 | $3.2M | $172,642 | $288,472 |
| 2022 | 410 | $3.4M | $141,880 | $330,893 |
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 |
|---|---|---|---|---|
| ERAS, LLC | THIRD PARTY ADMINISTRATO | — | $6,319 | $6,319 |
| BESTEN & DIERUF, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,319
- Estimated Expense Ratio: 0.161% 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 | $19,989 | $248 | $19,391 | — | — |
| 2023 | $14,323 | — | $14,323 | — | — |
| 2022 | $15,805 | — | $15,805 | — | — |