Plan Snapshot
- Plan Sponsor: Premier Medical Group, INC.
- Sponsor EIN: 721356450
- Sponsor Address: 3701 DAUPHIN STREET, MOBILE, AL, 36608
- Plan Type: DC
- Total Participants: 262
- Total Assets: $83.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 262 | $83.3M | $1.8M | $1.0M |
| 2023 | 258 | $68.3M | $1.6M | $915,473 |
| 2022 | 233 | $56.5M | $1.5M | $845,386 |
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 |
|---|---|---|---|---|
| MITCHELL, MCLEOD, PUGH & WILLIAMS | ADVISOR | $53,250 | — | $53,250 |
| NEWPORT GROUP, INC. | RECORDKEEPER | $33,956 | — | $33,956 |
| RAYMOND JAMES ASSOCIATES INC | ADVISOR | $23,814 | — | $23,814 |
| NEWPORT TRUST COMPANY | TRUSTEE | $22,497 | — | $22,497 |
| WAVERLY ADVISORS LLC | ADVISOR | $10,434 | — | $10,434 |
| SMITH DUKES & BUCKALEW | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES ASSOCIATES INC — ADVISOR
- SMITH DUKES & BUCKALEW — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,951
- Estimated Expense Ratio: 0.173% 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 | $143,951 | $87,498 | $24,927 | — | — |
| 2023 | $134,330 | $86,464 | $24,992 | — | — |
| 2022 | $147,991 | $77,417 | $50,158 | — | $20,416 |