Plan Snapshot
- Plan Sponsor: Promises Behavioral Health, LLC
- Sponsor EIN: 320572664
- Sponsor Address: 103 POWELL CT. SUITE 100, BRENTWOOD, TN, 37027
- Plan Type: 401(k)
- Total Participants: 1,506
- Total Assets: $9.0M
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 | 1,506 | $9.0M | $121,515 | $1.2M |
| 2023 | 639 | $8.0M | $125,846 | $1.1M |
| 2022 | 623 | $6.7M | $91,787 | $915,876 |
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 |
|---|---|---|---|---|
| WITHUMSMITH AND BROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH AND BROWN — Auditor
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 | $63,062 | $20,000 | — | — | — |
| 2023 | $56,189 | $20,000 | — | — | — |
| 2022 | $59,512 | — | — | — | — |