# Physicians Practice Enhancement, LLC 401(k) Plan
Source: https://planprovider.pro/companies/physicians-practice-enhancement-inc-401k-plan

> Physicians Practice Enhancement, LLC&#39;s 401(k) plan: 335 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Physicians Practice Enhancement, LLC

- **Sponsor EIN:** 223773688

- **Sponsor Address:** 66 WEST GILBERT STREET, SUITE 100, RED BANK, NJ, 07701

- **Plan Type:** 401(k)

- **Total Participants:** 335

- **Total Assets:** $13.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|335|$13.2M|$82,209|$1.5M|

| 2023|322|$11.9M|$39,072|$1.0M|

| 2022|140|$9.7M|$36,893|$908,813|

## 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|

| MMA SECURITIES LLC|NONE|$36,837|—|$36,837|

| JOHN HANCOCK TRUST COMPANY LLC|RECORDKEEPER|$17,336|—|$17,336|

| MCKONLY & ASBURY|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK TRUST COMPANY LLC](https://planprovider.pro/provider/john-hancock) — RECORDKEEPER

- [MCKONLY & ASBURY](https://planprovider.pro/provider/mckonly-and-asbury-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $54,173

- **Estimated Expense Ratio:** 0.412% 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|$55,427|—|—|—|—|

| 2023|$29,618|—|—|—|—|

| 2022|$44,499|—|$44,499|—|—|

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