Plan Snapshot
- Plan Sponsor: Practicetek Purchaser, LLC
- Sponsor EIN: 854036011
- Sponsor Address: 2035 LAKESIDE CENTER SUITE 200, KNOXVILLE, TN, 37922
- Plan Type: 401(k)
- Total Participants: 294
- Total Assets: $4.0M
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 | 294 | $4.0M | $560,472 | $1.2M |
| 2023 | 133 | $1.8M | $188,517 | $614,509 |
| 2022 | 178 | $520,180 | $0 | $266,386 |
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 |
|---|---|---|---|---|
| COULTER & JUSTUS, P.C. | Auditor | — | — | $0 |
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 | $41,863 | — | $41,863 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $3,961 | — | $3,961 | — | — |