Plan Snapshot
- Plan Sponsor: Proactive Md Management Services, LLC
- Sponsor EIN: 810960095
- Sponsor Address: 124 ALLAWOOD COURT, SIMPSONVILLE, SC, 29681
- Plan Type: 401(k)
- Total Participants: 435
- Total Assets: $8.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 435 | $8.6M | $703,643 | $1.5M |
| 2023 | 379 | $6.8M | $661,619 | $1.5M |
| 2022 | 354 | $4.1M | $582,209 | $1.2M |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | $35,457 | — | $35,457 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,457
- Estimated Expense Ratio: 0.410% 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 | $101,621 | $28,428 | $37,736 | $35,457 | — |
| 2023 | $46,392 | $18,924 | $27,468 | — | — |
| 2022 | $34,788 | — | $34,788 | — | — |