Plan Snapshot
- Plan Sponsor: Primehealth Physicians, LLC
- Sponsor EIN: 320349690
- Sponsor Address: 14680 SW 8TH STREET, MIAMI, FL, 33184
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $16.4M
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 | 166 | $16.4M | $369,610 | $1.1M |
| 2023 | 183 | $14.7M | $426,295 | $1.2M |
| 2022 | 194 | $10.6M | $386,145 | $1.0M |
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 |
|---|---|---|---|---|
| INGHAM & COMPANY | NONE | $82,989 | $262 | $83,251 |
| CHARLES SCHWAB BANK | NONE | $6,872 | — | $6,872 |
| LERROSARBEY, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INGHAM & COMPANY — NONE
- CHARLES SCHWAB BANK — NONE
- LERROSARBEY, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,123
- Estimated Expense Ratio: 0.550% 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 | $89,861 | $42,530 | $8,747 | — | — |
| 2023 | $74,743 | $32,259 | $5,685 | — | — |
| 2022 | $66,069 | $28,477 | $32,708 | — | — |