Plan Snapshot
- Plan Sponsor: Prospect Medical Holdings, INC.
- Sponsor EIN: 330564370
- Sponsor Address: 3824 HUGHES AVE, CULVER CITY, CA, 90232
- Plan Type: 401(k)
- Total Participants: 10,198
- Total Assets: $551.6M
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 | 10,198 | $551.6M | $3.1M | $50.0M |
| 2023 | 10,702 | $514.5M | $10.1M | $50.9M |
| 2022 | 11,554 | $447.9M | $533,992 | $51.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $1,105,233 | — | $1,105,233 |
| MORGAN STANLEY | Recordkeeper | $161,547 | — | $161,547 |
| BDO | Auditor | $81,680 | — | $81,680 |
| GROOM LAW GROUP, CHARTERED | ERISA Attorney | $46,750 | — | $46,750 |
| RSM US LLP | Auditor | — | $12,900 | $12,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Recordkeeper
- BDO — Auditor
- RSM US LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,408,110
- Estimated Expense Ratio: 0.255% 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 | $1,412,457 | $231,728 | $1,105,233 | $28,800 | — |
| 2023 | $1,158,943 | — | $1,158,943 | — | — |
| 2022 | $1,176,914 | — | $1,176,914 | — | — |