Plan Snapshot
- Plan Sponsor: Professional Healthcare Management, INC.
- Sponsor EIN: 621792289
- Sponsor Address: 7900 PLAYERS FOREST, SUITE 1, MEMPHIS, TN, 38119
- Plan Type: 401(k)
- Total Participants: 564
- Total Assets: $13.5M
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 | 564 | $13.5M | $216,982 | $645,137 |
| 2023 | 547 | $12.4M | $210,943 | $598,901 |
| 2022 | 580 | $10.7M | $200,519 | $591,079 |
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 |
|---|---|---|---|---|
| CULVER, PLLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $86,116 | $38,731 | $43,825 | — | — |
| 2023 | $89,394 | $33,875 | $52,289 | — | — |
| 2022 | $88,921 | $33,675 | $51,913 | — | $3,160 |