Plan Snapshot
- Plan Sponsor: Sandhills Medical Foundation
- Sponsor EIN: 570672342
- Sponsor Address: 1111 BROAD STREET, SUITE 3D, CAMDEN, SC, 29020
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $4.5M
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 | 173 | $4.5M | $169,126 | $442,435 |
| 2023 | 144 | $3.5M | $127,307 | $362,694 |
| 2022 | 125 | $3.2M | $157,182 | $370,307 |
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 |
|---|---|---|---|---|
| LOVE BAILEY CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $20,350 | — | — | — | — |
| 2023 | $3,934 | — | $3,934 | — | — |
| 2022 | $3,343 | — | $3,343 | — | — |