Plan Snapshot
- Plan Sponsor: Sai Med Partners, LLC
- Sponsor EIN: 800458825
- Sponsor Address: 4970 DEMOSS ROAD, SUITE 300, READING, PA, 19606
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $17.7M
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 | 119 | $17.7M | $320,625 | $1.2M |
| 2023 | 134 | $13.0M | $302,413 | $1.1M |
| 2022 | 85 | $3.3M | $166,030 | $501,850 |
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 |
|---|---|---|---|---|
| NORTHEAST FINANCIAL GROUP, INC | FINANCIAL ADVISOR | $52,027 | — | $52,027 |
| PENSERV PLAN SERVICES | RECORDKEEPER | $13,731 | — | $13,731 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,758
- Estimated Expense Ratio: 0.372% 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 | $70,681 | $52,027 | $13,731 | — | — |
| 2023 | $426,726 | — | $49,956 | — | — |
| 2022 | $67,769 | — | $19,880 | — | — |