Plan Snapshot
- Plan Sponsor: Preferred Medical Marketing Corporation
- Sponsor EIN: 561544376
- Sponsor Address: 15720 BRIXHAM HILL AVENUE, CHARLOTTE, NC, 28277
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $15.5M
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 | 145 | $15.5M | $756,664 | $1.0M |
| 2023 | 144 | $13.1M | $658,953 | $1.0M |
| 2022 | 121 | $10.7M | $528,765 | $765,477 |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $5,257 | — | $5,257 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,257
- Estimated Expense Ratio: 0.034% 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 | $6,732 | $5,257 | — | — | — |
| 2023 | $11,586 | $7,836 | — | — | — |
| 2022 | $325,501 | — | $7,372 | — | — |