Plan Snapshot
- Plan Sponsor: Selma Medical Associates, INC.
- Sponsor EIN: 541003042
- Sponsor Address: 104 SELMA DRIVE, WINCHESTER, VA, 22601
- Plan Type: 401(k)
- Total Participants: 70
- Total Assets: $22.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 70 | $22.1M | $180,036 | $480,470 |
| 2023 | 82 | $19.6M | $303,537 | $540,726 |
| 2022 | 88 | $17.9M | $188,583 | $481,771 |
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 |
|---|---|---|---|---|
| UNITED CAPITAL FINANCIAL | Investment Advisor | $40,481 | — | $40,481 |
| THE VANGUARD GROUP, INC. | Recordkeeper | $11,335 | — | $11,335 |
| TIGER'S EYE BENEFITS CONSULTING | Recordkeeper | $9,425 | — | $9,425 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNITED CAPITAL FINANCIAL — Investment Advisor
- THE VANGUARD GROUP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,241
- Estimated Expense Ratio: 0.277% 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 | $65,117 | $6,266 | — | — | — |
| 2023 | $61,288 | $4,916 | — | — | — |
| 2022 | $61,687 | — | $61,687 | — | — |