Plan Snapshot
- Plan Sponsor: Professional Health Care Network
- Sponsor EIN: 270935640
- Sponsor Address: 7600 N. 16TH ST. 140, PHOENIX, AZ, 85020
- Plan Type: 401(k)
- Total Participants: 183
- Total Assets: $3.0M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 183 | $3.0M | $414,308 | $824,684 |
| 2023 | 198 | $2.1M | $317,836 | $715,994 |
| 2022 | 183 | $1.1M | $187,791 | $471,861 |
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 |
|---|---|---|---|---|
| BALANCE & STRATEGY ADVISORS, CPAS, | Auditor | $13,200 | — | $13,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,200
- Estimated Expense Ratio: 0.434% 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 | $61,483 | $7,577 | $12,585 | $13,200 | — |
| 2023 | $33,096 | $4,433 | $12,013 | $16,650 | — |
| 2022 | $11,445 | $2,441 | $9,004 | — | — |