Plan Snapshot
- Plan Sponsor: Prime Healthcare Services -- Garden City, LLC
- Sponsor EIN: 464719451
- Sponsor Address: 6245 NORTH INKSTER ROAD, GARDEN CITY, MI, 48135
- Plan Type: DB
- Total Participants: 92
- Total Assets: $29.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 92 | $29.1M | $997,579 | $0 |
| 2023 | 105 | $29.3M | $1.9M | $0 |
| 2022 | 105 | $49.5M | $799,815 | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL COSTODIAL SOLUTIONS | TRUSTEE | $138,399 | — | $138,399 |
| FIAM | INVESTMENT ADVISORY | $57,997 | — | $57,997 |
| CAP FINANCIAL PARTNERS LLC | INVESTMENT ADVISORY | $47,821 | — | $47,821 |
| JOHN HANCOCK | CONTRACT ADMINSTRATOR | $11,397 | — | $11,397 |
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRINCIPAL COSTODIAL SOLUTIONS — TRUSTEE
- JOHN HANCOCK — CONTRACT ADMINSTRATOR
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $255,614
- Estimated Expense Ratio: 0.878% 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 | $711,245 | $105,818 | $11,397 | — | — |
| 2023 | $863,992 | — | $33,780 | — | — |
| 2022 | $933,132 | — | $161,079 | — | $9,661 |