Plan Snapshot
- Plan Sponsor: S.L. Husain Hamzavi, M.D. PC
- Sponsor EIN: 382387637
- Sponsor Address: 43151 DALCOMA DR STE 1, CLINTON TOWNSHIP, MI, 48038
- Plan Type: 401(k)
- Total Participants: 185
- Total Assets: $12.5M
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 | 185 | $12.5M | $425,007 | $846,475 |
| 2023 | 161 | $9.9M | $371,485 | $637,750 |
| 2022 | 142 | $7.7M | $304,409 | $531,419 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES | INVESTMENT/FINANCIAL ADVI | $11,810 | — | $11,810 |
| ADP, INC. | RECORD KEEPER | $8,930 | — | $8,930 |
| RINGO & ASSOCIATES PC CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,740
- Estimated Expense Ratio: 0.166% 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 | $56,115 | — | — | — | — |
| 2023 | $27,091 | $27,091 | — | — | — |
| 2022 | $8,448 | $8,448 | — | — | — |