Plan Snapshot
- Plan Sponsor: Qhr Health, LLC Dba Ovation Healthcare
- Sponsor EIN: 621742954
- Sponsor Address: 1573 MALLORY LANE, BRENTWOOD, TN, 37027
- Plan Type: 401(k)
- Total Participants: 1,121
- Total Assets: $37.2M
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 | 1,121 | $37.2M | $581,546 | $3.9M |
| 2023 | 701 | $30.1M | $517,984 | $2.4M |
| 2022 | 553 | $24.6M | $0 | $1.9M |
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 | $109,317 | — | $109,317 |
| TOWERS WATSON INVESTMENT SERVICES, | INVESTMENT ADVISORY | — | $50,218 | $50,218 |
| LBMC, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,535
- Estimated Expense Ratio: 0.428% 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 | $109,318 | — | $109,318 | — | — |
| 2023 | $70,082 | — | $70,082 | — | — |
| 2022 | $66,281 | — | $66,281 | — | — |