Plan Snapshot
- Plan Sponsor: Provision Health Partners, LLC
- Sponsor EIN: 412136525
- Sponsor Address: 2095 LAKESIDE CENTRE WAY, KNOXVILLE, TN, 37922
- Plan Type: 401(k)
- Total Participants: 53
- Total Assets: $11.6M
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 | 53 | $11.6M | $243,992 | $509,951 |
| 2023 | 64 | $16.7M | $296,430 | $596,664 |
| 2022 | 118 | $15.4M | $452,463 | $920,602 |
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 | CONTRACT ADMINISTRATOR | $64,429 | — | $64,429 |
| COULTER & JUSTUS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,429
- Estimated Expense Ratio: 0.555% 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 | $66,112 | — | — | — | — |
| 2023 | $80,936 | — | $80,936 | — | — |
| 2022 | $83,447 | — | $83,447 | — | — |