Plan Snapshot
- Plan Sponsor: Raleigh Durham Medical Group, PA
- Sponsor EIN: 201582408
- Sponsor Address: 7205 STONEHENGE DRIVE, RALEIGH, NC, 27613
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 670
- Total Assets: $45.6M
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. |
|---|---|---|---|---|
| 2025 | 670 | $45.6M | $0 | $0 |
| 2024 | 529 | $40.3M | $913,308 | $1.9M |
| 2023 | 477 | $34.7M | $874,706 | $1.8M |
| 2022 | 442 | $29.8M | $758,464 | $1.5M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $81,131 | — | $81,131 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $21,103 | — | $21,103 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $6,568 | — | $6,568 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $108,802
- Estimated Expense Ratio: 0.238% 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 |
|---|---|---|---|---|---|
| 2025 | $4,704,463 | $87,700 | — | — | — |
| 2024 | $116,405 | $58,071 | — | $19,260 | — |
| 2023 | $104,668 | $33,433 | — | — | — |
| 2022 | $131,349 | $72,998 | $58,351 | — | — |